Dimensional Fund Advisors LP cut its stake in EnerSys (NYSE:ENS) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,377,348 shares of the industrial products company’s stock after selling 54,671 shares during the period. Dimensional Fund Advisors LP owned approximately 3.27% of EnerSys worth $120,008,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in EnerSys by 1.4% during the 3rd quarter. BlackRock Inc. now owns 4,700,988 shares of the industrial products company’s stock worth $409,596,000 after buying an additional 65,699 shares in the last quarter. Boston Partners lifted its position in EnerSys by 4.7% during the 2nd quarter. Boston Partners now owns 3,875,719 shares of the industrial products company’s stock worth $289,283,000 after buying an additional 174,837 shares in the last quarter. Alliancebernstein L.P. lifted its position in EnerSys by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,480,343 shares of the industrial products company’s stock worth $128,982,000 after buying an additional 143,345 shares in the last quarter. Earnest Partners LLC lifted its position in EnerSys by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 1,417,151 shares of the industrial products company’s stock worth $105,776,000 after buying an additional 5,946 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in EnerSys by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,165,325 shares of the industrial products company’s stock worth $101,533,000 after buying an additional 55,549 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ENS opened at $79.20 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.53 and a debt-to-equity ratio of 0.50. EnerSys has a one year low of $62.85 and a one year high of $89.72. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 7th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $659.18 million. EnerSys had a net margin of 4.54% and a return on equity of 17.46%. EnerSys’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities analysts forecast that EnerSys will post 5.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. EnerSys’s payout ratio is 15.05%.
Several brokerages have commented on ENS. Zacks Investment Research cut shares of EnerSys from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. ValuEngine raised shares of EnerSys from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Oppenheimer reissued a “buy” rating on shares of EnerSys in a research report on Tuesday, October 30th. Sidoti boosted their price target on shares of EnerSys from $93.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, Citigroup boosted their price target on shares of EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $99.00.
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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.
Further Reading: Earnings Per Share (EPS) Explained
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