LSV Asset Management Takes Position in EnerSys (NYSE:ENS)

LSV Asset Management acquired a new stake in EnerSys (NYSE:ENS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,400 shares of the industrial products company's stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENS. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $56,338,000 after purchasing an additional 15,133 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in EnerSys by 24.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company's stock valued at $403,000 after buying an additional 818 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of EnerSys during the fourth quarter valued at about $389,000. Janney Montgomery Scott LLC increased its holdings in EnerSys by 12.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock worth $1,618,000 after acquiring an additional 1,876 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in EnerSys by 25.9% in the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company's stock worth $22,161,000 after purchasing an additional 49,392 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

EnerSys Price Performance

Shares of NYSE:ENS traded up $0.51 during trading on Friday, reaching $82.63. The company had a trading volume of 211,747 shares, compared to its average volume of 285,536. The company has a fifty day moving average of $94.26 and a two-hundred day moving average of $95.92. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.26 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

EnerSys Company 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.