Prudential Financial Inc. Has $10.71 Million Stake in EnerSys (NYSE:ENS)

Prudential Financial Inc. reduced its holdings in EnerSys (NYSE:ENS - Free Report) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,860 shares of the industrial products company's stock after selling 30,616 shares during the quarter. Prudential Financial Inc. owned 0.29% of EnerSys worth $10,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of EnerSys during the 4th quarter valued at $47,000. Millburn Ridgefield Corp purchased a new stake in shares of EnerSys during the third quarter valued at $88,000. Point72 Asset Management L.P. acquired a new position in shares of EnerSys in the 3rd quarter valued at $125,000. Parkside Financial Bank & Trust increased its stake in EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after purchasing an additional 678 shares in the last quarter. Finally, KBC Group NV raised its holdings in EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock worth $172,000 after buying an additional 727 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ENS has been the subject of several recent analyst reports. Oppenheimer upgraded shares of 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 upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $117.50.

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EnerSys Stock Down 1.0 %

EnerSys stock traded down $0.97 during trading hours on Wednesday, hitting $91.51. The company had a trading volume of 51,524 shares, compared to its average volume of 327,649. The firm's fifty day moving average is $98.35 and its 200-day moving average is $97.59. The firm has a market capitalization of $3.61 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. EnerSys has a fifty-two week low of $88.50 and a fifty-two week 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.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly 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 return on equity of 20.78% and a net margin of 9.23%. On average, research analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. EnerSys's dividend payout ratio is currently 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.