EnerSys (NYSE:ENS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in EnerSys (NYSE:ENS) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,841 shares of the industrial products company’s stock after purchasing an additional 833 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EnerSys were worth $910,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ENS. Lightrock Netherlands B.V. purchased a new stake in shares of EnerSys during the 4th quarter valued at about $11,969,000. Proficio Capital Partners LLC acquired a new position in EnerSys during the 4th quarter valued at approximately $105,000. Erste Asset Management GmbH acquired a new position in EnerSys during the 3rd quarter valued at approximately $9,438,000. Barclays PLC boosted its position in EnerSys by 87.2% during the 3rd quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after purchasing an additional 85,742 shares during the period. Finally, Tributary Capital Management LLC boosted 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 valued at $22,161,000 after purchasing an additional 49,392 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

EnerSys Stock Performance

Shares of ENS stock opened at $97.24 on Friday. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.57 and a beta of 1.18. The stock’s fifty day simple moving average is $98.30 and its 200-day simple moving average is $97.74.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating 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, sell-side analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is currently 11.88%.

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.