Legal & General Group Plc reduced its position in EnerSys (NYSE:ENS - Free Report) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,199 shares of the industrial products company's stock after selling 55,477 shares during the period. Legal & General Group Plc owned 0.55% of EnerSys worth $19,983,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Norges Bank purchased a new stake in EnerSys during the fourth quarter valued at $49,222,000. Boston Partners increased its stake in EnerSys by 47.1% in the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after buying an additional 270,726 shares during the period. JPMorgan Chase & Co. lifted its holdings in EnerSys by 113.0% during the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after buying an additional 158,617 shares in the last quarter. Lightrock Netherlands B.V. purchased a new stake in EnerSys in the 4th quarter valued at about $11,969,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of EnerSys during the fourth quarter worth approximately $11,713,000. 94.93% of the stock is owned by institutional investors.
EnerSys Stock Down 1.6 %
EnerSys stock traded down $1.30 during midday trading on Wednesday, hitting $82.27. 230,493 shares of the company's stock were exchanged, compared to its average volume of 285,345. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The company has a market cap of $3.24 billion, a PE ratio of 10.18, a P/E/G ratio of 0.57 and a beta of 1.15. The firm has a 50-day moving average of $94.97 and a two-hundred day moving average of $96.15.
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 (EPS) 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%. As a group, analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.
EnerSys Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend 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%.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, EnerSys currently has an average rating of "Buy" and a consensus target price of $117.50.
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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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