CANADA LIFE ASSURANCE Co Boosts Stake in EnerSys (NYSE:ENS)

CANADA LIFE ASSURANCE Co increased its position in shares of EnerSys (NYSE:ENS - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,846 shares of the industrial products company's stock after acquiring an additional 10,033 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.23% of EnerSys worth $8,205,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after acquiring an additional 403 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in EnerSys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after acquiring an additional 100 shares during the last quarter. R Squared Ltd acquired a new stake in EnerSys during the fourth quarter worth approximately $47,000. Covestor Ltd boosted its holdings in shares of EnerSys by 32.4% in the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 189 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 678 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

EnerSys Trading Up 0.1 %

Shares of ENS traded up $0.06 during mid-day trading on Monday, reaching $86.47. The company had a trading volume of 194,787 shares, compared to its average volume of 285,049. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The firm has a fifty day simple moving average of $91.90 and a 200-day simple moving average of $95.03. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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, sell-side analysts anticipate that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. EnerSys's payout ratio is 11.88%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upgraded shares of 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.