New South Capital Management Inc. Sells 18,745 Shares of EnerSys (NYSE:ENS)

New South Capital Management Inc. trimmed its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 534,307 shares of the industrial products company's stock after selling 18,745 shares during the period. EnerSys makes up approximately 2.1% of New South Capital Management Inc.'s holdings, making the stock its 17th largest position. New South Capital Management Inc. owned approximately 1.34% of EnerSys worth $49,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ENS. Wealth Enhancement Advisory Services LLC increased its stake in EnerSys by 273.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,742 shares of the industrial products company's stock valued at $994,000 after purchasing an additional 7,134 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of EnerSys by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company's stock valued at $477,000 after buying an additional 315 shares during the last quarter. US Bancorp DE increased its position in shares of EnerSys by 8.6% during the third quarter. US Bancorp DE now owns 5,990 shares of the industrial products company's stock valued at $611,000 after acquiring an additional 473 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in EnerSys by 60.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock worth $1,595,000 after acquiring an additional 5,909 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in EnerSys by 4.5% in the 3rd quarter. Van ECK Associates Corp now owns 10,582 shares of the industrial products company's stock valued at $1,049,000 after acquiring an additional 457 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

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EnerSys Stock Performance

Shares of ENS traded up $0.77 during trading hours on Friday, hitting $101.27. The stock had a trading volume of 253,239 shares, compared to its average volume of 300,553. The firm has a market capitalization of $3.99 billion, a PE ratio of 12.53, a PEG ratio of 0.57 and a beta of 1.18. 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 12 month low of $88.50 and a 12 month high of $112.53. The stock has a fifty day moving average price of $97.57 and a 200 day moving average price of $97.86.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results 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%. Analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys's dividend payout ratio is currently 11.88%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer raised 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. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $117.50.

About EnerSys

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.