Eaton Vance Management Has $1.46 Million Stake in EnerSys (NYSE:ENS)

Eaton Vance Management boosted its holdings in shares of EnerSys (NYSE:ENSGet Rating) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,131 shares of the industrial products company’s stock after purchasing an additional 2,167 shares during the period. Eaton Vance Management owned 0.06% of EnerSys worth $1,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in EnerSys by 65.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $29,000 after buying an additional 193 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in EnerSys in the 3rd quarter valued at $37,000. Ellevest Inc. boosted its position in EnerSys by 102.0% in the 3rd quarter. Ellevest Inc. now owns 895 shares of the industrial products company’s stock valued at $52,000 after buying an additional 452 shares during the last quarter. Quantbot Technologies LP bought a new position in EnerSys in the 1st quarter valued at $60,000. Finally, Covestor Ltd boosted its position in EnerSys by 58.2% in the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock valued at $69,000 after buying an additional 342 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BTIG Research lifted their price objective on EnerSys to $85.00 in a research note on Wednesday, November 16th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 16th. Finally, TheStreet raised shares of EnerSys from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd.

EnerSys Stock Up 0.8 %

NYSE:ENS opened at $92.19 on Monday. EnerSys has a 1 year low of $55.60 and a 1 year high of $94.32. The stock has a 50-day moving average price of $83.03 and a two-hundred day moving average price of $72.92. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.35 and a beta of 1.37. The company has a current ratio of 2.79, a quick ratio of 1.54 and a debt-to-equity ratio of 0.72.

EnerSys (NYSE:ENSGet Rating) last released its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. The company had revenue of $920.20 million during the quarter, compared to analysts’ expectations of $926.36 million. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. As a group, equities analysts expect that EnerSys will post 4.89 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, March 16th. EnerSys’s payout ratio is 20.96%.

EnerSys 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.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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