EnerSys (NYSE:ENS) Stock Holdings Increased by Fmr LLC

FMR LLC raised its holdings in EnerSys (NYSE:ENS - Free Report) by 41.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,003 shares of the industrial products company's stock after purchasing an additional 40,220 shares during the period. FMR LLC owned about 0.34% of EnerSys worth $13,981,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ENS. UMB Bank n.a. grew its holdings in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock worth $37,000 after acquiring an additional 94 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in EnerSys in the second quarter worth about $41,000. CWM LLC raised its stake in EnerSys by 198.8% during the second quarter. CWM LLC now owns 995 shares of the industrial products company's stock valued at $103,000 after buying an additional 662 shares in the last quarter. Innealta Capital LLC bought a new position in EnerSys during the 2nd quarter worth approximately $131,000. Finally, nVerses Capital LLC acquired a new position in shares of EnerSys in the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENS. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Roth Capital upgraded shares of EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, EnerSys has a consensus rating of "Buy" and an average price target of $118.00.

EnerSys Stock Performance

ENS stock traded up $1.42 during mid-day trading on Wednesday, reaching $95.48. The company had a trading volume of 286,281 shares, compared to its average volume of 247,616. EnerSys has a one year low of $86.41 and a one year high of $112.53. The stock has a market capitalization of $3.80 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.59 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock's 50-day simple moving average is $98.50 and its two-hundred day simple moving average is $100.89.

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

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys's payout ratio is currently 13.60%.

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.