Pitcairn Co. Boosts Stake in EnerSys (NYSE:ENS)

Pitcairn Co. increased its stake in EnerSys (NYSE:ENS) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,477 shares of the industrial products company’s stock after purchasing an additional 383 shares during the quarter. Pitcairn Co.’s holdings in EnerSys were worth $414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of EnerSys by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock valued at $56,338,000 after buying an additional 15,133 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in EnerSys by 24.7% during the third quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 818 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of EnerSys by 12.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company’s stock worth $1,618,000 after purchasing an additional 1,876 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of EnerSys in the fourth quarter worth $389,000. Finally, Tributary Capital Management LLC raised its position in shares of EnerSys by 25.9% during the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after purchasing an additional 49,392 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

Shares of NYSE:ENS opened at $80.90 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.57 and a beta of 1.15. The firm has a fifty day moving average price of $97.50 and a 200 day moving average price of $97.30. EnerSys has a fifty-two week low of $76.98 and a fifty-two week high of $112.53.

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

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. 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.