Federated Hermes Inc. Has $3.56 Million Stock Position in EnerSys (NYSE:ENS)

Federated Hermes Inc. lessened its holdings in shares of EnerSys (NYSE:ENS) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,258 shares of the industrial products company’s stock after selling 8,224 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of EnerSys worth $3,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board raised its stake in EnerSys by 235.6% in 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 acquiring an additional 15,598 shares during the period. Vanguard Group Inc. raised its position 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% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock worth $75,817,000 after buying an additional 22,202 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 worth $6,125,000 after buying an additional 54,564 shares during the period. Finally, Nordea Investment Management AB grew its stake in EnerSys by 9.7% in 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 during the last quarter. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

NYSE ENS opened at $91.27 on Friday. EnerSys has a 12-month low of $79.90 and a 12-month high of $113.34. The firm has a 50-day moving average price of $91.44 and a two-hundred day moving average price of $92.78. The company has a market capitalization of $3.69 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.51.

EnerSys (NYSE:ENS) last issued its quarterly 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. The business had revenue of $861.50 million for 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 firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. Analysts anticipate that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Dividend Announcement

The company 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 yield of 0.99%. EnerSys’s dividend payout ratio is 13.62%.

Wall Street Analyst Weigh In

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

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.