EnerSys (NYSE:ENS) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in EnerSys (NYSE:ENS) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,782 shares of the industrial products company’s stock after selling 412 shares during the period. Commonwealth Equity Services LLC’s holdings in EnerSys were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ENS. R Squared Ltd bought a new stake in shares of EnerSys during the fourth quarter valued at approximately $47,000. Proficio Capital Partners LLC bought a new stake in EnerSys during the 4th quarter valued at $105,000. Parkside Financial Bank & Trust boosted its position in EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 678 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of EnerSys during the third quarter valued at $125,000. Finally, KBC Group NV raised its stake in shares of EnerSys by 64.0% during the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 727 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Stock Down 3.6 %

Shares of ENS stock opened at $78.18 on Wednesday. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The business’s fifty day moving average is $96.41 and its 200-day moving average is $96.82. The stock has a market cap of $3.08 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Equities analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

EnerSys Profile

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.