EnerSys (NYSE:ENS) Shares Sold by Arosa Capital Management LP

Arosa Capital Management LP reduced its stake in EnerSys (NYSE:ENS - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,900 shares of the industrial products company's stock after selling 25,000 shares during the period. EnerSys accounts for 2.4% of Arosa Capital Management LP's portfolio, making the stock its 14th largest position. Arosa Capital Management LP owned approximately 0.16% of EnerSys worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENS. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 15,133 shares during the last quarter. LPL Financial LLC grew its position in shares of EnerSys by 37.0% during the 4th quarter. LPL Financial LLC now owns 13,322 shares of the industrial products company's stock valued at $1,231,000 after acquiring an additional 3,601 shares during the period. EntryPoint Capital LLC bought a new position in shares of EnerSys in the fourth quarter worth about $389,000. Janney Montgomery Scott LLC lifted 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 valued at $1,618,000 after acquiring an additional 1,876 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in 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 buying an additional 49,392 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Trading Up 1.2 %

Shares of EnerSys stock traded up $1.06 during trading on Thursday, hitting $87.66. The stock had a trading volume of 218,683 shares, compared to its average volume of 284,457. The stock has a market cap of $3.46 billion, a PE ratio of 10.85, a PEG ratio of 0.57 and a beta of 1.15. The firm's fifty day simple moving average is $91.27 and its 200-day simple moving average is $94.91. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

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

EnerSys Announces Dividend

The firm also recently disclosed 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 1.10%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's payout ratio is 11.88%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a research note 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. According to MarketBeat, the company 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.