Brandywine Global Investment Management LLC trimmed its holdings in shares of EnerSys (NYSE:ENS) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,137 shares of the industrial products company’s stock after selling 21,243 shares during the period. Brandywine Global Investment Management LLC owned about 0.36% of EnerSys worth $10,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of ENS. Zions Bancorporation bought a new position in EnerSys during the 3rd quarter worth about $130,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 769 shares in the last quarter. Victory Capital Management Inc. bought a new position in EnerSys during the 3rd quarter worth about $188,000. Brown Advisory Inc. bought a new position in EnerSys during the 3rd quarter worth about $208,000. Finally, Fox Run Management L.L.C. bought a new position in EnerSys during the 4th quarter worth about $244,000. Institutional investors own 97.19% of the company’s stock.
Several research analysts have issued reports on ENS shares. Sidoti cut shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a report on Tuesday, January 23rd. TheStreet cut shares of EnerSys from a “b” rating to a “c+” rating in a report on Friday, February 9th. Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, ValuEngine cut shares of EnerSys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $78.00.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.11. The business had revenue of $658.90 million during the quarter, compared to analyst estimates of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 earnings per share. equities research analysts predict that EnerSys will post 4.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s payout ratio is 17.16%.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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