State of Alaska Department of Revenue lessened its position in shares of EnerSys (NYSE:ENS – Get Rating) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,642 shares of the industrial products company’s stock after selling 285 shares during the period. State of Alaska Department of Revenue’s holdings in EnerSys were worth $328,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ENS. HighTower Advisors LLC acquired a new stake in shares of EnerSys in the first quarter valued at approximately $264,000. Bank of Montreal Can raised its position in shares of EnerSys by 12.9% in the first quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock valued at $812,000 after buying an additional 1,221 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of EnerSys by 35.1% in the first quarter. MetLife Investment Management LLC now owns 47,723 shares of the industrial products company’s stock valued at $3,559,000 after buying an additional 12,406 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of EnerSys by 8.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,118 shares of the industrial products company’s stock valued at $1,127,000 after buying an additional 1,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of EnerSys by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock valued at $104,691,000 after buying an additional 101,062 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on ENS shares. StockNews.com started coverage on shares of EnerSys in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. Finally, BTIG Research boosted their price objective on shares of EnerSys to $85.00 in a research report on Wednesday, November 16th.
EnerSys Stock Up 1.0 %
EnerSys (NYSE:ENS – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.02. The company had revenue of $899.40 million during the quarter, compared to the consensus estimate of $889.95 million. EnerSys had a net margin of 3.66% and a return on equity of 12.72%. Research analysts forecast that EnerSys will post 4.79 EPS for the current fiscal year.
EnerSys Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.86%. EnerSys’s dividend payout ratio (DPR) is presently 22.51%.
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
- Get a free copy of the StockNews.com research report on EnerSys (ENS)
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