Fisher Asset Management LLC Has $36.44 Million Stock Position in EnerSys (NYSE:ENS)

Fisher Asset Management LLC decreased its position in EnerSys (NYSE:ENS) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 394,280 shares of the industrial products company’s stock after selling 31,005 shares during the period. Fisher Asset Management LLC’s holdings in EnerSys were worth $36,443,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 678 shares in the last quarter. Versor Investments LP acquired a new position in EnerSys in the 4th quarter valued at approximately $227,000. Proficio Capital Partners LLC acquired a new position in EnerSys in the 4th quarter valued at approximately $105,000. Hudson Edge Investment Partners Inc. raised its holdings in EnerSys by 27.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 8,325 shares of the industrial products company’s stock valued at $769,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in EnerSys in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $117.50.

EnerSys Trading Down 0.7 %

Shares of ENS opened at $101.48 on Monday. 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 stock has a 50 day simple moving average of $96.85 and a 200-day simple moving average of $97.73. The stock has a market cap of $4.00 billion, a PE ratio of 12.56, a PEG ratio of 0.57 and a beta of 1.22.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping 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 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. 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 0.95%. EnerSys’s dividend payout ratio (DPR) is presently 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.