EnerSys (NYSE:ENS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in EnerSys (NYSE:ENS) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 13,609 shares of the industrial products company’s stock after selling 3,358 shares during the quarter. Vontobel Holding Ltd.’s holdings in EnerSys were worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board lifted its stake in shares of EnerSys by 235.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 22,219 shares of the industrial products company’s stock valued at $2,103,000 after purchasing an additional 15,598 shares during the period. Vanguard Group Inc. lifted its stake in shares of EnerSys by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock valued at $411,385,000 after purchasing an additional 62,146 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EnerSys by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock valued at $75,817,000 after purchasing an additional 22,202 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of EnerSys by 894.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 60,663 shares of the industrial products company’s stock valued at $6,125,000 after purchasing an additional 54,564 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of EnerSys by 9.7% in the fourth quarter. Nordea Investment Management AB now owns 3,726 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENS shares. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th.

EnerSys Stock Performance

NYSE:ENS opened at $90.50 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $91.41 and a two-hundred day moving average price of $92.87. EnerSys has a twelve month low of $79.90 and a twelve month high of $113.34. The company has a market capitalization of $3.66 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The firm had revenue of $861.50 million during the quarter, compared to the consensus estimate of $898.79 million. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, research analysts expect that EnerSys will post 8.3 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is presently 13.62%.

EnerSys Profile

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.