Global Alpha Capital Management Ltd. Raises Position in EnerSys (NYSE:ENS)

Global Alpha Capital Management Ltd. boosted its holdings in EnerSys (NYSE:ENS - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,548 shares of the industrial products company's stock after purchasing an additional 6,187 shares during the quarter. Global Alpha Capital Management Ltd. owned about 0.08% of EnerSys worth $3,101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd bought a new stake in shares of EnerSys during the fourth quarter worth about $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys during the 3rd quarter worth approximately $88,000. Proficio Capital Partners LLC bought a new stake in EnerSys during the 4th quarter worth approximately $105,000. Parkside Financial Bank & Trust raised its stake in shares of EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after purchasing an additional 678 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in EnerSys during the third quarter worth $125,000. Institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. 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, EnerSys has an average rating of "Buy" and an average target price of $117.50.

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EnerSys Stock Performance

Shares of NYSE ENS traded down $2.65 during trading on Wednesday, reaching $95.85. 458,955 shares of the stock traded hands, compared to its average volume of 307,454. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The stock has a market capitalization of $3.78 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53. The company has a 50-day moving average of $97.83 and a 200-day moving average of $97.88.

EnerSys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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 forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 14th. EnerSys's dividend payout ratio is presently 11.88%.

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.