New South Capital Management Inc. Has $49.39 Million Stock Holdings in EnerSys (NYSE:ENS)

New South Capital Management Inc. decreased its position in shares of EnerSys (NYSE:ENS) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 534,307 shares of the industrial products company’s stock after selling 18,745 shares during the period. EnerSys comprises 2.1% of New South Capital Management Inc.’s holdings, making the stock its 17th largest holding. New South Capital Management Inc.’s holdings in EnerSys were worth $49,386,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Peregrine Asset Advisers Inc. boosted its position in shares of EnerSys by 2.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 137 shares in the last quarter. Uncommon Cents Investing LLC boosted its position in EnerSys by 4.6% in the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock valued at $314,000 after buying an additional 150 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in EnerSys by 2.6% in the fourth 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 boosted its position in EnerSys by 0.9% in the third quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock valued at $2,053,000 after buying an additional 180 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analysts Set New Price Targets

ENS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

ENS stock opened at $100.32 on Thursday. The company has a fifty day moving average price of $97.11 and a 200-day moving average price of $97.76. The company has a market capitalization of $3.96 billion, a P/E ratio of 12.42, a PEG ratio of 0.57 and a beta of 1.22. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53. 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 (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, equities analysts expect that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, March 14th. EnerSys’s payout ratio is currently 11.88%.

About EnerSys

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.