Creative Planning lowered its stake in Enersys (NYSE:ENS – Free Report) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,554 shares of the industrial products company’s stock after selling 3,561 shares during the period. Creative Planning’s holdings in Enersys were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Enersys by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company’s stock worth $139,320,000 after purchasing an additional 43,615 shares during the last quarter. Geode Capital Management LLC increased its holdings in Enersys by 2.4% during the second quarter. Geode Capital Management LLC now owns 989,020 shares of the industrial products company’s stock valued at $84,838,000 after buying an additional 23,252 shares during the last quarter. Millennium Management LLC raised its holdings in Enersys by 48.9% in the 1st quarter. Millennium Management LLC now owns 617,475 shares of the industrial products company’s stock worth $56,548,000 after purchasing an additional 202,727 shares during the period. Paradigm Capital Management Inc. NY raised its stake in shares of Enersys by 1.1% in the first quarter. Paradigm Capital Management Inc. NY now owns 483,300 shares of the industrial products company’s stock worth $44,261,000 after buying an additional 5,328 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Enersys by 249.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 428,394 shares of the industrial products company’s stock worth $36,743,000 after acquiring an additional 305,635 shares during the period. Institutional investors own 94.93% of the company’s stock.
Enersys Price Performance
Shares of ENS stock opened at $146.41 on Friday. The stock’s 50-day moving average is $127.36 and its 200 day moving average is $105.46. Enersys has a 1-year low of $76.57 and a 1-year high of $148.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 1.73. The company has a market cap of $5.40 billion, a P/E ratio of 17.12, a PEG ratio of 0.95 and a beta of 1.10.
Enersys Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 12th. Enersys’s payout ratio is currently 12.28%.
Analyst Ratings Changes
Several equities analysts have recently commented on ENS shares. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Oppenheimer restated an “outperform” rating on shares of Enersys in a research report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, Enersys currently has an average rating of “Buy” and an average price target of $126.00.
View Our Latest Stock Report on Enersys
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.
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