Fisher Asset Management LLC lessened its position in Enersys (NYSE:ENS – Free Report) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 382,324 shares of the industrial products company’s stock after selling 45,081 shares during the quarter. Fisher Asset Management LLC owned approximately 1.02% of Enersys worth $32,792,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. increased its stake in Enersys by 47.5% during the second quarter. Edgestream Partners L.P. now owns 38,280 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 12,335 shares during the period. Lumbard & Kellner LLC purchased a new stake in Enersys during the 2nd quarter worth approximately $3,807,000. New York State Common Retirement Fund lifted its holdings in Enersys by 5.4% during the 2nd quarter. New York State Common Retirement Fund now owns 113,534 shares of the industrial products company’s stock worth $9,738,000 after buying an additional 5,824 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Enersys by 3.5% during the 2nd quarter. Schroder Investment Management Group now owns 169,684 shares of the industrial products company’s stock worth $14,554,000 after buying an additional 5,686 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Enersys by 82.2% in the second quarter. Neuberger Berman Group LLC now owns 4,296 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 1,938 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
Enersys Price Performance
Shares of NYSE ENS opened at $144.85 on Wednesday. The stock’s 50-day simple moving average is $125.90 and its 200-day simple moving average is $104.88. The firm has a market capitalization of $5.35 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $146.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.77.
Enersys Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, December 12th. Enersys’s dividend payout ratio is currently 12.28%.
Analyst Ratings Changes
A number of research analysts recently issued reports on ENS shares. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research report on Thursday, October 30th. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Roth Capital restated a “buy” rating and set a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, Enersys has a consensus rating of “Buy” and an average price target of $126.00.
View Our Latest Research Report on ENS
Enersys Company 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.
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