Boston Partners Sells 988,196 Shares of EnerSys (ENS)

Boston Partners reduced its stake in EnerSys (NYSE:ENS) by 25.4% during the first quarter, Holdings Channel reports. The fund owned 2,901,433 shares of the industrial products company’s stock after selling 988,196 shares during the period. Boston Partners owned about 0.07% of EnerSys worth $189,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of EnerSys by 3.3% in the fourth quarter. BlackRock Inc. now owns 4,855,209 shares of the industrial products company’s stock worth $376,814,000 after acquiring an additional 154,221 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of EnerSys by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,798,482 shares of the industrial products company’s stock worth $330,963,000 after acquiring an additional 46,499 shares during the last quarter. Norges Bank purchased a new stake in shares of EnerSys in the fourth quarter worth $50,092,000. Geode Capital Management LLC grew its stake in shares of EnerSys by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 473,299 shares of the industrial products company’s stock worth $36,732,000 after acquiring an additional 28,415 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of EnerSys by 246.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 457,508 shares of the industrial products company’s stock worth $35,507,000 after acquiring an additional 325,276 shares during the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys stock opened at $65.57 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. EnerSys has a one year low of $62.37 and a one year high of $89.83. The firm has a market cap of $2.91 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.32.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.07). EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The business had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.80 million. During the same period last year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts anticipate that EnerSys will post 4.93 EPS for the current fiscal year.

In related news, insider Todd M. Sechrist sold 24,039 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total transaction of $1,696,672.62. Following the sale, the insider now directly owns 41,244 shares of the company’s stock, valued at $2,911,001.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

A number of research firms have recently commented on ENS. ValuEngine cut EnerSys from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $93.55.

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EnerSys 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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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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