Earnest Partners LLC Has $103.78 Million Stake in EnerSys (NYSE:ENS)

Earnest Partners LLC reduced its stake in EnerSys (NYSE:ENS - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,122,843 shares of the industrial products company's stock after selling 9,292 shares during the quarter. Earnest Partners LLC owned approximately 2.85% of EnerSys worth $103,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC lifted its holdings in shares of EnerSys by 2.5% during the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after buying an additional 133 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of EnerSys by 7.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,021 shares of the industrial products company's stock worth $5,179,000 after buying an additional 3,948 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of EnerSys by 5.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 21,291 shares of the industrial products company's stock worth $1,968,000 after buying an additional 1,191 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of EnerSys by 606.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,398 shares of the industrial products company's stock worth $591,000 after buying an additional 5,492 shares during the last quarter. Finally, Mirova acquired a new position in shares of EnerSys during the fourth quarter worth approximately $2,369,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

EnerSys Trading Down 0.2 %

Shares of ENS traded down $0.14 on Wednesday, reaching $86.64. 258,135 shares of the company's stock were exchanged, compared to its average volume of 284,720. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.42 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The business has a 50 day moving average price of $91.58 and a two-hundred day moving average price of $94.97. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. Research analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

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. This represents a $0.96 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's payout ratio is 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.