Louisiana State Employees Retirement System Takes Position in EnerSys (NYSE:ENS)

Louisiana State Employees Retirement System bought a new stake in shares of EnerSys (NYSE:ENS) during the fourth quarter, Holdings Channel reports. The fund bought 11,300 shares of the industrial products company’s stock, valued at approximately $1,141,000.

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 position in shares of EnerSys by 235.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 22,219 shares of the industrial products company’s stock valued at $2,103,000 after buying an additional 15,598 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of EnerSys by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock valued at $411,385,000 after buying an additional 62,146 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of EnerSys by 3.0% during the 4th 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 buying an additional 22,202 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of EnerSys by 894.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 60,663 shares of the industrial products company’s stock valued at $6,125,000 after buying an additional 54,564 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of EnerSys by 9.7% during the 4th quarter. Nordea Investment Management AB now owns 3,726 shares of the industrial products company’s stock valued at $381,000 after buying an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 1.1 %

Shares of ENS stock opened at $91.07 on Wednesday. EnerSys has a fifty-two week low of $79.90 and a fifty-two week high of $113.34. The firm has a market capitalization of $3.68 billion, a P/E ratio of 13.78, a PEG ratio of 0.77 and a beta of 1.36. The stock’s fifty day moving average is $91.46 and its two-hundred day moving average is $92.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. The business 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 company earned $1.27 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts expect that EnerSys will post 8.3 earnings per share for the current fiscal year.

EnerSys Announces Dividend

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

Analyst Upgrades and Downgrades

ENS has been the topic of a number of research reports. Oppenheimer lowered EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th.

About EnerSys

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.