Headlands Technologies LLC Increases Stake in EnerSys (NYSE:ENS)

Headlands Technologies LLC boosted its stake in EnerSys (NYSE:ENS) by 937.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 446 shares of the industrial products company’s stock after buying an additional 403 shares during the quarter. Headlands Technologies LLC’s holdings in EnerSys were worth $41,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of EnerSys in the 4th quarter valued at approximately $47,000. Proficio Capital Partners LLC bought a new stake in shares of EnerSys during the 4th quarter valued at $105,000. Parkside Financial Bank & Trust grew its position in shares of EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares during the period. Point72 Asset Management L.P. bought a new stake in EnerSys during the third quarter worth about $125,000. Finally, KBC Group NV grew its holdings in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 727 shares during the period. 94.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys Price Performance

Shares of ENS opened at $81.03 on Tuesday. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The company has a market capitalization of $3.19 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The firm has a 50 day moving average of $97.15 and a 200 day moving average of $97.12. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 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%. As a group, equities research analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. EnerSys’s dividend payout ratio (DPR) is 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.