American International Group Inc. Has $7.55 Million Holdings in EnerSys (NYSE:ENS)

American International Group Inc. cut its stake in EnerSys (NYSE:ENSFree Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,763 shares of the industrial products company’s stock after selling 3,320 shares during the period. American International Group Inc. owned approximately 0.18% of EnerSys worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in EnerSys by 6.7% in the 4th quarter. First Trust Advisors LP now owns 248,159 shares of the industrial products company’s stock worth $25,054,000 after purchasing an additional 15,684 shares during the period. Capstone Investment Advisors LLC bought a new stake in EnerSys during the 4th quarter worth about $280,000. TFO Wealth Partners LLC lifted its position in EnerSys by 103,350.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,069 shares of the industrial products company’s stock worth $202,000 after buying an additional 2,067 shares in the last quarter. Allianz Asset Management GmbH lifted its position in EnerSys by 0.7% during the 4th quarter. Allianz Asset Management GmbH now owns 315,932 shares of the industrial products company’s stock worth $31,896,000 after buying an additional 2,105 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in EnerSys by 102.4% during the 4th quarter. Hsbc Holdings PLC now owns 18,308 shares of the industrial products company’s stock worth $1,852,000 after buying an additional 9,261 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ENS has been the topic of several analyst reports. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 1st. BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

View Our Latest Report on ENS

EnerSys Stock Down 1.9 %

Shares of ENS stock opened at $104.29 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The firm’s 50-day moving average is $96.44 and its 200-day moving average is $95.09. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 0.66 and a beta of 1.33. EnerSys has a 52-week low of $83.27 and a 52-week high of $113.34.

EnerSys (NYSE:ENSGet Free Report) last issued its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $910.70 million for the quarter, compared to analysts’ expectations of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. EnerSys’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Sell-side analysts predict that EnerSys will post 8.74 EPS for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.225 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.90 annualized dividend and a yield of 0.86%. EnerSys’s dividend payout ratio is currently 13.85%.

About EnerSys

(Free Report)

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) 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, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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