Intech Investment Management LLC Acquires 14,071 Shares of EnerSys (NYSE:ENS)

Intech Investment Management LLC grew its holdings in EnerSys (NYSE:ENS) by 116.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,194 shares of the industrial products company’s stock after purchasing an additional 14,071 shares during the period. Intech Investment Management LLC owned about 0.07% of EnerSys worth $2,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ENS. Victory Capital Management Inc. increased its holdings in shares of EnerSys by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock worth $1,320,000 after purchasing an additional 185 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of EnerSys by 0.9% in the third quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock worth $2,053,000 after acquiring an additional 180 shares during the period. Foundry Partners LLC bought a new stake in shares of EnerSys in the third quarter worth $4,740,000. Charles Schwab Investment Management Inc. grew its holdings in shares of EnerSys by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock worth $60,657,000 after acquiring an additional 9,337 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock worth $4,942,000 after acquiring an additional 24,123 shares during the period. Institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ENS shares. Oppenheimer raised 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. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

NYSE ENS opened at $97.24 on Friday. The company has a market capitalization of $3.83 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The business’s fifty day moving average is $98.30 and its 200 day moving average is $97.74. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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%. Sell-side analysts predict that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. EnerSys’s payout ratio is 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.