KLP Kapitalforvaltning AS Acquires New Shares in EnerSys (NYSE:ENS)

KLP Kapitalforvaltning AS purchased a new stake in EnerSys (NYSE:ENS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,300 shares of the industrial products company's stock, valued at approximately $767,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hillsdale Investment Management Inc. lifted its stake in EnerSys by 0.3% in the 4th 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 during the last quarter. Quantbot Technologies LP acquired a new stake in shares of EnerSys in the fourth quarter valued at approximately $1,359,000. Harvest Fund Management Co. Ltd bought a new position in shares of EnerSys during the 4th quarter worth approximately $172,000. Xponance Inc. increased its holdings in shares of EnerSys by 4.2% during the 4th quarter. Xponance Inc. now owns 5,651 shares of the industrial products company's stock worth $522,000 after acquiring an additional 228 shares during the last quarter. Finally, Boston Partners raised its stake in EnerSys by 47.1% in the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares during the period. Institutional investors own 94.93% of the company's stock.

EnerSys Stock Performance

NYSE ENS traded down $2.32 on Friday, reaching $80.90. The stock had a trading volume of 607,526 shares, compared to its average volume of 281,177. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The company has a market cap of $3.19 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The firm has a fifty day moving average of $97.50 and a two-hundred day moving average of $97.30. EnerSys has a 1-year low of $76.98 and a 1-year high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 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%. On average, equities research analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's payout ratio is presently 11.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $117.50.

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.