O Shaughnessy Asset Management LLC Trims Holdings in EnerSys (NYSE:ENS)

O Shaughnessy Asset Management LLC lessened its position in shares of EnerSys (NYSE:ENS - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,097 shares of the industrial products company's stock after selling 3,462 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in EnerSys were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors lifted its position in EnerSys by 6.0% during the third quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 227 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of EnerSys in the 3rd quarter valued at about $125,000. Quantinno Capital Management LP boosted its stake in shares of EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock worth $307,000 after buying an additional 183 shares during the last quarter. Stifel Financial Corp grew its holdings in EnerSys by 7.1% during the third quarter. Stifel Financial Corp now owns 9,563 shares of the industrial products company's stock worth $976,000 after acquiring an additional 630 shares during the period. Finally, State Street Corp grew its holdings in EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock worth $150,502,000 after acquiring an additional 13,524 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $117.50.

EnerSys Price Performance

Shares of NYSE:ENS traded up $0.97 during trading on Tuesday, reaching $83.67. 257,682 shares of the company's stock traded hands, compared to its average volume of 285,604. The firm has a market cap of $3.30 billion, a PE ratio of 10.35, a P/E/G ratio of 0.57 and a beta of 1.15. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $95.22 and a 200-day simple moving average of $96.23.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, analysts predict that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. EnerSys's dividend payout ratio is currently 11.88%.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.