Norges Bank Buys Shares of 532,538 EnerSys (NYSE:ENS)

Norges Bank bought a new position in shares of EnerSys (NYSE:ENS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 532,538 shares of the industrial products company's stock, valued at approximately $49,222,000. Norges Bank owned approximately 1.35% of EnerSys at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in EnerSys by 2.5% in the 4th 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. Sanctuary Advisors LLC grew its holdings in shares of EnerSys by 24.7% during the third 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 during the last quarter. Janney Montgomery Scott LLC lifted its stake 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 valued at $1,618,000 after acquiring an additional 1,876 shares during the period. EntryPoint Capital LLC purchased a new position in shares of EnerSys in the 4th quarter worth $389,000. Finally, Tributary Capital Management LLC increased its holdings in EnerSys by 25.9% during the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company's stock valued at $22,161,000 after buying an additional 49,392 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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EnerSys Price Performance

Shares of ENS stock traded up $7.60 during trading hours on Wednesday, hitting $86.12. 432,528 shares of the company's stock were exchanged, compared to its average volume of 284,936. The firm has a market cap of $3.40 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.57 and a beta of 1.15. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The firm has a 50 day moving average of $95.94 and a two-hundred day moving average of $96.65. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

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, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Sell-side analysts forecast that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, March 14th. EnerSys's payout ratio is currently 11.88%.

Analysts Set New Price Targets

Separately, Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Friday, January 17th. One 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, the company presently has a consensus rating of "Buy" and a consensus price target of $117.50.

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.