Harvest Fund Management Co. Ltd Purchases Shares of 1,865 EnerSys (NYSE:ENS)

Harvest Fund Management Co. Ltd acquired a new position in EnerSys (NYSE:ENS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,865 shares of the industrial products company’s stock, valued at approximately $172,000.

A number of other large investors have also recently made changes to their positions in ENS. Boston Partners raised its position in shares of EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company’s stock valued at $78,801,000 after purchasing an additional 270,726 shares during the period. Lightrock Netherlands B.V. purchased a new stake in EnerSys in the 4th quarter worth $11,969,000. Wealthfront Advisers LLC bought a new stake in EnerSys during the fourth quarter valued at about $11,713,000. Proficio Capital Partners LLC purchased a new position in shares of EnerSys in the fourth quarter valued at about $105,000. Finally, Erste Asset Management GmbH bought a new position in shares of EnerSys in the third quarter worth about $9,438,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Price Performance

NYSE:ENS opened at $96.46 on Friday. The business’s 50-day moving average is $98.44 and its 200 day moving average is $97.70. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53. The company has a market capitalization of $3.80 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, equities research analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys’s payout ratio is 11.88%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys 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.