Invesco Ltd. trimmed its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,249,309 shares of the industrial products company's stock after selling 13,810 shares during the period. Invesco Ltd. owned approximately 3.17% of EnerSys worth $115,474,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC raised its stake in EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares during the last quarter. R Squared Ltd bought a new position in shares of EnerSys during the fourth quarter valued at $47,000. Proficio Capital Partners LLC purchased a new position in shares of EnerSys in the 4th quarter worth about $105,000. Parkside Financial Bank & Trust boosted its stake in EnerSys by 110.2% in the 4th 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 in the last quarter. Finally, KBC Group NV grew its position in EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 727 shares during the last quarter. 94.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a 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 issued a strong buy rating to the company. According to MarketBeat.com, EnerSys currently has a consensus rating of "Buy" and a consensus target price of $117.50.
View Our Latest Stock Report on ENS
EnerSys Stock Performance
Shares of EnerSys stock traded up $0.97 during trading on Tuesday, hitting $83.67. 257,682 shares of the company's stock traded hands, compared to its average volume of 285,564. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The business has a 50-day simple moving average of $94.97 and a 200-day simple moving average of $96.15. The stock has a market capitalization of $3.30 billion, a P/E ratio of 10.35, a PEG ratio of 0.57 and a beta of 1.15. 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 (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, analysts forecast that EnerSys will post 9.99 EPS for the current year.
EnerSys Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, March 14th. EnerSys's payout ratio is currently 11.88%.
About EnerSys
(
Free Report)
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.
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