Rhumbline Advisers Acquires 1,319 Shares of EnerSys (NYSE:ENS)

Rhumbline Advisers boosted its holdings in EnerSys (NYSE:ENS) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,425 shares of the industrial products company’s stock after acquiring an additional 1,319 shares during the period. Rhumbline Advisers’ holdings in EnerSys were worth $12,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Lightrock Netherlands B.V. bought a new position in EnerSys during the 4th quarter worth $11,969,000. Trust Point Inc. increased its position in EnerSys by 10.3% during the 4th quarter. Trust Point Inc. now owns 7,526 shares of the industrial products company’s stock worth $696,000 after buying an additional 702 shares during the period. R Squared Ltd bought a new position in EnerSys during the 4th quarter worth $47,000. KBC Group NV increased its position in EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after buying an additional 727 shares during the period. Finally, Tributary Capital Management LLC increased its position in EnerSys by 25.9% during the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock worth $22,161,000 after buying an additional 49,392 shares during the period. Institutional investors own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, EnerSys currently has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Stock Down 0.6 %

Shares of NYSE ENS opened at $102.08 on Monday. EnerSys has a one year low of $88.50 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The business’s fifty day moving average price is $95.92 and its 200-day moving average price is $97.47. The stock has a market capitalization of $4.02 billion, a PE ratio of 12.63, a P/E/G ratio of 0.57 and a beta of 1.22.

EnerSys (NYSE:ENS) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 0.94%. EnerSys’s payout ratio is 11.88%.

About EnerSys

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.