Royce & Associates LP increased its stake in shares of EnerSys (NYSE:ENS) by 11.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 553,334 shares of the industrial products company’s stock after acquiring an additional 59,057 shares during the quarter. Royce & Associates LP’s holdings in EnerSys were worth $38,529,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in EnerSys by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,022,755 shares of the industrial products company’s stock worth $71,215,000 after buying an additional 142,005 shares in the last quarter. Arizona State Retirement System raised its position in EnerSys by 23.2% in the fourth quarter. Arizona State Retirement System now owns 30,315 shares of the industrial products company’s stock valued at $2,111,000 after purchasing an additional 5,699 shares during the period. Global X Management Co. LLC raised its position in EnerSys by 141.6% in the fourth quarter. Global X Management Co. LLC now owns 741,192 shares of the industrial products company’s stock valued at $51,609,000 after purchasing an additional 434,410 shares during the period. The Manufacturers Life Insurance Company raised its position in EnerSys by 6.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 101,526 shares of the industrial products company’s stock valued at $7,069,000 after purchasing an additional 6,243 shares during the period. Finally, First Trust Advisors LP raised its position in EnerSys by 20.7% in the fourth quarter. First Trust Advisors LP now owns 82,301 shares of the industrial products company’s stock valued at $5,731,000 after purchasing an additional 14,116 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.
Shares of EnerSys (NYSE ENS) opened at $72.90 on Monday. EnerSys has a 1 year low of $61.33 and a 1 year high of $84.74. The company has a quick ratio of 2.53, a current ratio of 3.47 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3,055.25, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.60.
EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.11. The company had revenue of $658.90 million for the quarter, compared to the consensus estimate of $634.75 million. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. equities research analysts expect that EnerSys will post 4.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.175 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.96%. EnerSys’s dividend payout ratio is presently 31.25%.
EnerSys announced that its board has initiated a stock buyback plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts have commented on ENS shares. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Oppenheimer restated a “buy” rating and issued a $77.00 target price (down previously from $82.00) on shares of EnerSys in a research report on Wednesday, November 1st. Sidoti downgraded EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Tuesday, January 23rd. CL King upgraded EnerSys from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded EnerSys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.00.
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EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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