EnerSys (NYSE:ENS) Shares Sold by ACK Asset Management LLC

ACK Asset Management LLC cut its holdings in EnerSys (NYSE:ENS) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 671,024 shares of the industrial products company’s stock after selling 43,976 shares during the quarter. EnerSys makes up about 8.3% of ACK Asset Management LLC’s investment portfolio, making the stock its 4th largest position. ACK Asset Management LLC’s holdings in EnerSys were worth $62,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. lifted its holdings in shares of EnerSys by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company’s stock valued at $3,526,000 after purchasing an additional 100 shares in the last quarter. Uncommon Cents Investing LLC raised its position in shares of EnerSys by 4.6% during the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in EnerSys by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after buying an additional 169 shares in the last quarter. Aurora Investment Counsel grew its holdings in EnerSys by 0.9% during the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company’s stock valued at $1,875,000 after buying an additional 173 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock worth $307,000 after buying an additional 183 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Up 0.2 %

Shares of NYSE ENS opened at $81.03 on Tuesday. The firm has a market cap 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 company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The firm’s 50 day moving average price is $97.15 and its 200 day moving average price is $97.12.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio is currently 11.88%.

Analyst Ratings Changes

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

EnerSys 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.