EnerSys (NYSE:ENS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in shares of EnerSys (NYSE:ENS - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 940,776 shares of the industrial products company's stock after selling 5,484 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of EnerSys worth $86,976,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of EnerSys by 35.8% in the 4th quarter. Franklin Resources Inc. now owns 51,764 shares of the industrial products company's stock valued at $4,785,000 after purchasing an additional 13,647 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in EnerSys by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,828 shares of the industrial products company's stock valued at $539,000 after buying an additional 268 shares in the last quarter. Norges Bank purchased a new stake in EnerSys during the 4th quarter worth about $49,222,000. Blair William & Co. IL lifted its holdings in EnerSys by 1.7% during the 4th quarter. Blair William & Co. IL now owns 12,488 shares of the industrial products company's stock worth $1,154,000 after buying an additional 205 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of EnerSys by 113.0% during the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after acquiring an additional 158,617 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Remove Ads

EnerSys Stock Performance

Shares of EnerSys stock traded up $0.88 on Tuesday, hitting $83.58. The stock had a trading volume of 104,018 shares, compared to its average volume of 285,006. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.57 and a beta of 1.15. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53. The company's 50 day moving average price is $95.22 and its 200 day moving average price is $96.23.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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, research analysts anticipate 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. This represents a $0.96 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's payout ratio is currently 11.88%.

Analyst Upgrades and Downgrades

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

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.