D. E. Shaw & Co. Inc. decreased its holdings in shares of EnerSys (NYSE:ENS) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230,618 shares of the industrial products company’s stock after selling 68,011 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.54% of EnerSys worth $17,898,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ENS. Mirae Asset Global Investments Co. Ltd. bought a new stake in EnerSys during the third quarter valued at $60,635,000. Lord Abbett & CO. LLC lifted its stake in EnerSys by 246.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 457,508 shares of the industrial products company’s stock worth $35,507,000 after purchasing an additional 325,276 shares during the last quarter. BlackRock Inc. lifted its stake in EnerSys by 3.3% during the fourth quarter. BlackRock Inc. now owns 4,855,209 shares of the industrial products company’s stock worth $376,814,000 after purchasing an additional 154,221 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in EnerSys by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock worth $30,186,000 after purchasing an additional 125,570 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in EnerSys by 42.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 336,331 shares of the industrial products company’s stock worth $26,103,000 after purchasing an additional 100,464 shares during the last quarter. 94.92% of the stock is owned by institutional investors.
In other news, insider Todd M. Sechrist sold 24,039 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total value of $1,696,672.62. Following the completion of the sale, the insider now owns 41,244 shares of the company’s stock, valued at approximately $2,911,001.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Shares of ENS stock opened at $67.32 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.91 and a quick ratio of 2.00. EnerSys has a 12-month low of $65.69 and a 12-month high of $89.83. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.35 and a beta of 1.33.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.07). EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $685.80 million. During the same period last year, the firm posted $1.25 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that EnerSys will post 4.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, March 14th. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, William Blair raised EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price target for the company in a research note on Thursday, December 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. EnerSys currently has a consensus rating of “Buy” and a consensus target price of $93.55.
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EnerSys Company 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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