Fisher Asset Management LLC Boosts Stock Holdings in EnerSys (NYSE:ENS)

Fisher Asset Management LLC lifted its holdings in EnerSys (NYSE:ENS - Free Report) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 425,285 shares of the industrial products company's stock after acquiring an additional 34,173 shares during the period. Fisher Asset Management LLC owned approximately 1.07% of EnerSys worth $43,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Earnest Partners LLC boosted its stake in EnerSys by 1.9% during the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock worth $120,978,000 after acquiring an additional 21,903 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock worth $94,022,000 after purchasing an additional 133,211 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after buying an additional 92,398 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of EnerSys by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company's stock valued at $60,657,000 after buying an additional 9,337 shares during the period. Finally, American Century Companies Inc. increased its position in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company's stock valued at $27,355,000 after buying an additional 188,053 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now owns 17,175 shares of the company's stock, valued at approximately $1,732,442.25. The trade was a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares of the company's stock, valued at $22,672,123.20. This represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by corporate insiders.

EnerSys Stock Down 0.4 %

Shares of ENS stock traded down $0.37 during trading hours on Wednesday, reaching $96.52. The company had a trading volume of 47,177 shares, compared to its average volume of 248,259. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The business has a fifty day simple moving average of $99.48 and a 200-day simple moving average of $101.12.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.05. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. On average, research analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. EnerSys's dividend payout ratio is currently 13.60%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ENS shares. Roth Mkm reiterated a "buy" rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Roth Capital raised shares of EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, StockNews.com downgraded shares of EnerSys from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.00.

EnerSys 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.