EnerSys (NYSE:ENS) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of EnerSys (NYSE:ENS - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,219 shares of the industrial products company's stock after selling 5,500 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.24% of EnerSys worth $8,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ENS. Vanguard Group Inc. grew its stake 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 purchasing an additional 90,670 shares in the last quarter. State Street Corp grew its position in shares of EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock worth $150,502,000 after acquiring an additional 13,524 shares in the last quarter. Geode Capital Management LLC raised its position in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company's stock valued at $96,584,000 after acquiring an additional 11,384 shares in the last quarter. Boston Partners raised its position in shares of EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in EnerSys by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock worth $56,338,000 after purchasing an additional 15,133 shares during the period. Institutional investors own 94.93% of the company's stock.

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Wall Street Analysts Forecast Growth

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 report 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $117.50.

EnerSys Stock Performance

NYSE:ENS traded up $1.06 during midday trading on Friday, reaching $82.09. 50,718 shares of the company traded hands, compared to its average volume of 284,435. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The company has a fifty day moving average price of $95.69 and a 200 day moving average price of $96.52. 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 has a twelve month low of $76.57 and a twelve month high of $112.53.

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 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%. On average, analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. 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.