Lazard Asset Management LLC Reduces Stake in EnerSys (NYSE:ENS)

Lazard Asset Management LLC reduced its position in EnerSys (NYSE:ENS - Free Report) by 40.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 100,675 shares of the industrial products company's stock after selling 67,657 shares during the period. Lazard Asset Management LLC owned about 0.25% of EnerSys worth $9,509,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd lifted its position in EnerSys by 47.3% during the first quarter. Quadrature Capital Ltd now owns 6,072 shares of the industrial products company's stock worth $574,000 after acquiring an additional 1,949 shares during the last quarter. EntryPoint Capital LLC lifted its position in EnerSys by 115.2% during the first quarter. EntryPoint Capital LLC now owns 2,576 shares of the industrial products company's stock worth $243,000 after acquiring an additional 1,379 shares during the last quarter. Shell Asset Management Co. acquired a new stake in EnerSys during the first quarter worth approximately $858,000. Pitcairn Co. lifted its position in EnerSys by 3.2% during the first quarter. Pitcairn Co. now owns 7,733 shares of the industrial products company's stock worth $730,000 after acquiring an additional 243 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in EnerSys by 14.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,856 shares of the industrial products company's stock worth $4,048,000 after acquiring an additional 5,385 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research report on Friday. BTIG Research cut shares of EnerSys from a "buy" rating to a "neutral" rating in a report on Friday, May 24th.

EnerSys Stock Performance

Shares of ENS traded up $1.60 during mid-day trading on Friday, hitting $109.91. 231,329 shares of the company's stock were exchanged, compared to its average volume of 209,220. EnerSys has a 52 week low of $83.27 and a 52 week high of $111.42. The stock's 50-day simple moving average is $104.97 and its 200-day simple moving average is $97.38. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company had revenue of $910.70 million for the quarter, compared to analysts' expectations of $893.64 million. During the same period last year, the firm earned $1.82 earnings per share. The business's revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities research analysts expect that EnerSys will post 8.74 EPS for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a yield of 0.82%. EnerSys's dividend payout ratio (DPR) is 13.85%.

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.