Proficio Capital Partners LLC Takes $105,000 Position in EnerSys (NYSE:ENS)

Proficio Capital Partners LLC bought a new position in shares of EnerSys (NYSE:ENS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 105,278 shares of the industrial products company's stock, valued at approximately $105,000. Proficio Capital Partners LLC owned approximately 0.26% of EnerSys as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ENS. R Squared Ltd bought a new stake in EnerSys during the fourth quarter worth about $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys in the third quarter valued at approximately $88,000. Point72 Asset Management L.P. bought a new stake in EnerSys in the third quarter valued at approximately $125,000. KBC Group NV raised its stake in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after buying an additional 727 shares during the period. Finally, Wolverine Trading LLC bought a new stake in EnerSys in the third quarter valued at approximately $202,000. Institutional investors own 94.93% of the company's stock.

EnerSys Price Performance

NYSE:ENS traded up $1.52 during trading hours on Friday, reaching $95.50. 272,388 shares of the company were exchanged, compared to its average volume of 254,597. The company has a market capitalization of $3.77 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.57 and a beta of 1.18. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The business has a 50 day moving average of $97.96 and a 200 day moving average of $97.80.

Remove Ads

EnerSys (NYSE:ENS - Get Free Report) last released its earnings results 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%. Research analysts forecast that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, March 14th. EnerSys's payout ratio is presently 11.88%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research note 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average 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.