EnerSys (NYSE:ENS) Stock Position Lowered by Erste Asset Management GmbH

Erste Asset Management GmbH lowered its position in shares of EnerSys (NYSE:ENS) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,905 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Erste Asset Management GmbH owned 0.22% of EnerSys worth $8,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ENS. R Squared Ltd acquired a new stake in EnerSys in the 4th quarter valued at about $47,000. Millburn Ridgefield Corp acquired a new stake in EnerSys during the third quarter valued at approximately $88,000. Point72 Asset Management L.P. acquired a new stake in EnerSys during the third quarter valued at approximately $125,000. Parkside Financial Bank & Trust boosted its holdings in EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares in the last quarter. Finally, KBC Group NV grew its position in EnerSys by 64.0% in the fourth 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 last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Stock Down 2.2 %

Shares of NYSE:ENS opened at $93.88 on Friday. The firm has a 50 day simple moving average of $97.90 and a 200 day simple moving average of $97.86. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53. 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 company has a market cap of $3.70 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

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. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ENS shares. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. One equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.