Kennedy Capital Management LLC Boosts Position in EnerSys (NYSE:ENS)

Kennedy Capital Management LLC grew its stake in shares of EnerSys (NYSE:ENS - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,474 shares of the industrial products company's stock after buying an additional 8,842 shares during the period. Kennedy Capital Management LLC owned 0.14% of EnerSys worth $5,127,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC grew its position in shares of 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 purchasing an additional 403 shares in the last quarter. R Squared Ltd purchased a new position in shares of EnerSys in the fourth quarter worth $47,000. Proficio Capital Partners LLC bought a new position in shares of EnerSys during the fourth quarter worth $105,000. Parkside Financial Bank & Trust boosted its position in shares of EnerSys by 110.2% during the fourth 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. bought a new stake in EnerSys in the 3rd quarter valued at $125,000. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $117.50.

EnerSys Price Performance

EnerSys stock traded up $0.51 during mid-day trading on Friday, reaching $82.63. 211,747 shares of the company's stock traded hands, compared to its average volume of 285,536. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $94.26 and a two-hundred day moving average of $95.92. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.57 and a beta of 1.15.

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

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio is currently 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.