Envestnet Asset Management Inc. Acquires 2,700 Shares of EnerSys (NYSE:ENS)

Envestnet Asset Management Inc. boosted its holdings in EnerSys (NYSE:ENS – Get Rating) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,514 shares of the industrial products company’s stock after acquiring an additional 2,700 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of EnerSys worth $4,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of EnerSys by 1,380.0% during the 2nd quarter. Millennium Management LLC now owns 348,195 shares of the industrial products company’s stock valued at $20,530,000 after buying an additional 324,669 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of EnerSys by 25.0% during the 2nd quarter. Principal Financial Group Inc. now owns 925,339 shares of the industrial products company’s stock valued at $54,558,000 after buying an additional 185,072 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of EnerSys during the 3rd quarter valued at $10,712,000. Macquarie Group Ltd. lifted its holdings in shares of EnerSys by 40.4% during the 2nd quarter. Macquarie Group Ltd. now owns 637,986 shares of the industrial products company’s stock valued at $37,615,000 after buying an additional 183,583 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of EnerSys by 67.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,823 shares of the industrial products company’s stock worth $23,625,000 after purchasing an additional 127,229 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 16th. BTIG Research increased their price target on EnerSys to $85.00 in a research note on Wednesday, November 16th. Finally, TheStreet upgraded EnerSys from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd.

EnerSys Trading Up 0.8 %

Shares of ENS stock opened at $92.19 on Friday. EnerSys has a 52-week low of $55.60 and a 52-week high of $94.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The firm has a market capitalization of $3.77 billion, a PE ratio of 27.60, a PEG ratio of 1.33 and a beta of 1.37. The stock has a fifty day simple moving average of $83.03 and a two-hundred day simple moving average of $72.89.

EnerSys (NYSE:ENS – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The business had revenue of $920.20 million during the quarter, compared to the consensus estimate of $926.36 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts predict that EnerSys will post 4.89 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 16th. EnerSys’s dividend payout ratio (DPR) is presently 20.96%.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.