Russell Investments Group Ltd. Lowers Position in EnerSys (NYSE:ENS)

Russell Investments Group Ltd. lessened its holdings in EnerSys (NYSE:ENS) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,837 shares of the industrial products company’s stock after selling 13,560 shares during the quarter. Russell Investments Group Ltd.’s holdings in EnerSys were worth $17,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ENS. NBC Securities Inc. purchased a new stake in EnerSys during the 3rd quarter valued at about $25,000. Huntington National Bank increased its stake in shares of EnerSys by 189.6% in the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after buying an additional 237 shares during the period. Parkside Financial Bank & Trust raised its holdings in EnerSys by 1,386.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after buying an additional 416 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in EnerSys during the 3rd quarter valued at $49,000. Finally, Arlington Trust Co LLC purchased a new stake in EnerSys during the 4th quarter valued at $157,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

EnerSys Stock Up 1.0 %

Shares of NYSE ENS opened at $93.28 on Friday. The firm has a fifty day simple moving average of $91.49 and a two-hundred day simple moving average of $92.69. EnerSys has a 12 month low of $79.90 and a 12 month high of $113.34. 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 market capitalization of $3.77 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.77 and a beta of 1.35.

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 analysts’ consensus estimates of $2.55 by $0.01. The company had revenue of $861.50 million during the quarter, compared to the consensus estimate of $898.79 million. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. EnerSys’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. Equities analysts expect 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. Shareholders of record on Friday, March 15th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.96%. The ex-dividend date was Thursday, March 14th. 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.