Vanguard Group Inc. Buys 90,670 Shares of EnerSys (NYSE:ENS)

Vanguard Group Inc. increased its position in EnerSys (NYSE:ENS - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,667,056 shares of the industrial products company's stock after acquiring an additional 90,670 shares during the quarter. Vanguard Group Inc. owned about 11.84% of EnerSys worth $431,376,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in EnerSys in the 4th quarter valued at $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys during the third quarter valued at $88,000. Proficio Capital Partners LLC purchased a new position in EnerSys during the fourth quarter worth about $105,000. Parkside Financial Bank & Trust increased its stake in EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after acquiring an additional 678 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of EnerSys in the 3rd quarter valued at about $125,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Price Performance

ENS traded down $2.32 during trading on Friday, reaching $80.90. The stock had a trading volume of 607,526 shares, compared to its average volume of 281,177. The business has a 50-day moving average of $97.50 and a 200-day moving average of $97.27. EnerSys has a one year low of $76.98 and a one year high of $112.53. 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 stock has a market cap of $3.19 billion, a PE ratio of 10.01, a PEG ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 20.78% and a net margin of 9.23%. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. EnerSys's dividend payout ratio (DPR) is 11.88%.

Analyst Ratings Changes

Separately, Oppenheimer upgraded shares of 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 investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $117.50.

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.