Envestnet Asset Management Inc. Has $18.70 Million Stake in EnerSys (NYSE:ENS)

Envestnet Asset Management Inc. raised its stake in EnerSys (NYSE:ENS - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,285 shares of the industrial products company's stock after acquiring an additional 8,561 shares during the period. Envestnet Asset Management Inc. owned 0.51% of EnerSys worth $18,697,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in EnerSys by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company's stock worth $431,376,000 after buying an additional 90,670 shares during the period. Geode Capital Management LLC increased its stake in shares of EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company's stock valued at $96,584,000 after purchasing an additional 11,384 shares during the period. Boston Partners boosted its position in shares of EnerSys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after buying an additional 270,726 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in EnerSys by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock worth $56,338,000 after buying an additional 15,133 shares in the last quarter. Finally, Norges Bank acquired a new position in EnerSys during the fourth quarter worth about $49,222,000. 94.93% of the stock is owned by institutional investors.

EnerSys Trading Up 0.6 %

NYSE ENS traded up $0.51 on Friday, hitting $82.63. 211,747 shares of the company were exchanged, compared to its average volume of 285,536. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The company's 50 day moving average price is $94.26 and its 200-day moving average price is $95.92. The firm has a market capitalization of $3.26 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping 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%. Analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 1.16%. EnerSys's dividend payout ratio is 11.88%.

Analysts Set New Price Targets

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

About EnerSys

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.