Raymond James & Associates Lowers Stock Holdings in EnerSys (NYSE:ENS)

Raymond James & Associates lessened its stake in shares of EnerSys (NYSE:ENS) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,259 shares of the industrial products company’s stock after selling 344 shares during the quarter. Raymond James & Associates’ holdings in EnerSys were worth $531,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ENS. Vanguard Personalized Indexing Management LLC raised its position in EnerSys by 5.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,604 shares of the industrial products company’s stock worth $247,000 after buying an additional 127 shares during the last quarter. UMB Bank n.a. increased its stake in shares of EnerSys by 36.0% during the third quarter. UMB Bank n.a. now owns 620 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 164 shares during the period. Arizona State Retirement System raised its holdings in EnerSys by 1.6% during the third quarter. Arizona State Retirement System now owns 11,662 shares of the industrial products company’s stock worth $1,104,000 after purchasing an additional 188 shares in the last quarter. Huntington National Bank lifted its position in EnerSys by 189.6% in the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 237 shares during the period. Finally, Assetmark Inc. boosted its holdings in EnerSys by 17.9% in the 3rd quarter. Assetmark Inc. now owns 1,742 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 265 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on ENS. Oppenheimer cut 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 research report on Wednesday, March 6th.

EnerSys Stock Performance

Shares of ENS stock opened at $91.00 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67. The stock has a market cap of $3.68 billion, a PE ratio of 13.77, a P/E/G ratio of 0.77 and a beta of 1.36. EnerSys has a 1 year low of $79.90 and a 1 year high of $113.34. The stock has a fifty day moving average price of $91.45 and a 200 day moving average price of $92.80.

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

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. EnerSys’s dividend payout ratio is currently 13.62%.

EnerSys Company 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.