LPL Financial LLC decreased its position in shares of EnerSys (NYSE:ENS) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,160 shares of the industrial products company’s stock after selling 185 shares during the quarter. LPL Financial LLC’s holdings in EnerSys were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in ENS. Jane Street Group LLC purchased a new stake in shares of EnerSys during the third quarter worth approximately $239,000. Tower Research Capital LLC TRC increased its stake in EnerSys by 276.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,869 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 2,840 shares during the last quarter. Strs Ohio increased its stake in EnerSys by 6.8% in the fourth quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 300 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in EnerSys by 179.9% in the third quarter. BlueMountain Capital Management LLC now owns 4,229 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in EnerSys by 21.5% in the fourth quarter. Emerald Advisers LLC now owns 4,965 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 880 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $93.55.
Shares of ENS stock opened at $69.05 on Friday. EnerSys has a fifty-two week low of $62.37 and a fifty-two week high of $89.83. The firm has a market capitalization of $3.04 billion, a PE ratio of 14.85, a PEG ratio of 1.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.91 and a quick ratio of 2.00.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.07). The firm had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.80 million. EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. As a group, sell-side analysts anticipate that EnerSys will post 4.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 14th. EnerSys’s dividend payout ratio is presently 15.05%.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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