EnerSys (NYSE:ENS) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC trimmed its holdings in EnerSys (NYSE:ENS - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,472 shares of the industrial products company's stock after selling 11,061 shares during the period. Vulcan Value Partners LLC owned 0.28% of EnerSys worth $10,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Headlands Technologies LLC raised its holdings in shares of EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board raised its holdings in EnerSys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after buying an additional 100 shares during the period. R Squared Ltd acquired a new position in EnerSys during the fourth quarter valued at approximately $47,000. Covestor Ltd grew its stake in EnerSys by 32.4% during the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock worth $71,000 after buying an additional 189 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of EnerSys in the fourth quarter worth $105,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Wall Street Analyst Weigh In

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

EnerSys Stock Down 0.2 %

NYSE:ENS traded down $0.14 during trading hours on Wednesday, hitting $86.64. The stock had a trading volume of 252,967 shares, compared to its average volume of 243,219. The business has a 50 day simple moving average of $91.58 and a two-hundred day simple moving average of $94.97. EnerSys has a 1-year low of $83.00 and a 1-year high of $88.80. 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 company has a market cap of $3.42 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

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

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

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.