EntryPoint Capital LLC Makes New $389,000 Investment in EnerSys (NYSE:ENS)

EntryPoint Capital LLC bought a new position in shares of EnerSys (NYSE:ENS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,209 shares of the industrial products company's stock, valued at approximately $389,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of EnerSys during the 4th quarter valued at about $47,000. Millburn Ridgefield Corp acquired a new stake in EnerSys during the third quarter valued at approximately $88,000. Point72 Asset Management L.P. bought a new stake in EnerSys during the third quarter worth approximately $125,000. Parkside Financial Bank & Trust boosted its holdings in EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after buying an additional 678 shares in the last quarter. Finally, KBC Group NV grew its position in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock worth $172,000 after buying an additional 727 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $117.50.

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EnerSys Trading Down 1.6 %

Shares of NYSE:ENS traded down $1.48 during mid-day trading on Monday, hitting $91.63. The stock had a trading volume of 348,524 shares, compared to its average volume of 277,227. The company's 50 day moving average is $98.50 and its 200-day moving average is $97.63. EnerSys has a 12-month low of $88.50 and a 12-month high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The company has a market cap of $3.61 billion, a PE ratio of 11.34, a P/E/G ratio of 0.57 and a beta of 1.18.

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

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. EnerSys's payout ratio is presently 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.