EnerSys (NYSE:ENS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of EnerSys (NYSE:ENS) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,431 shares of the industrial products company’s stock after acquiring an additional 167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EnerSys were worth $952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. lifted its position in EnerSys by 3.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,912 shares of the industrial products company’s stock worth $1,102,000 after acquiring an additional 327 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in EnerSys during the 4th quarter worth approximately $1,141,000. Arlington Trust Co LLC acquired a new position in EnerSys during the 4th quarter worth approximately $157,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EnerSys by 3.0% in 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 purchasing an additional 22,202 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of EnerSys by 6.4% in the 4th quarter. New York State Teachers Retirement System now owns 65,746 shares of the industrial products company’s stock valued at $6,638,000 after purchasing an additional 3,961 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Stock Performance

Shares of ENS opened at $91.28 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.78 and a beta of 1.36. EnerSys has a 52-week low of $79.90 and a 52-week high of $113.34. The business’s 50 day moving average is $91.44 and its two-hundred day moving average is $92.74.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The business had revenue of $861.50 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 EPS. Analysts forecast that EnerSys will post 8.3 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared 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. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 14th. EnerSys’s dividend payout ratio is currently 13.62%.

Analysts Set New Price Targets

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

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.