Envestnet Asset Management Inc. Has $18.70 Million Stock Position in EnerSys (NYSE:ENS)

Envestnet Asset Management Inc. grew its holdings in EnerSys (NYSE:ENS - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 202,285 shares of the industrial products company's stock after purchasing an additional 8,561 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.51% of EnerSys worth $18,697,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its stake in shares of EnerSys by 0.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock valued at $3,526,000 after purchasing an additional 100 shares during the period. Uncommon Cents Investing LLC lifted its stake in EnerSys by 4.6% in the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company's stock valued at $314,000 after buying an additional 150 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in EnerSys by 2.6% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company's stock worth $614,000 after buying an additional 169 shares during the last quarter. Aurora Investment Counsel grew its position in shares of EnerSys by 0.9% during the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company's stock worth $1,875,000 after buying an additional 173 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of EnerSys by 6.5% in the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer raised 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 note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, EnerSys presently has a consensus rating of "Buy" and a consensus price target of $117.50.

EnerSys Trading Up 0.6 %

EnerSys stock traded up $0.51 during mid-day trading on Friday, hitting $82.63. 211,747 shares of the company's stock were exchanged, compared to its average volume of 285,715. EnerSys has a fifty-two week low of $76.57 and a fifty-two week 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 firm has a market capitalization of $3.26 billion, a P/E ratio of 10.23, a PEG ratio of 0.57 and a beta of 1.15. The company's 50 day simple moving average is $93.88 and its 200-day simple moving average is $95.78.

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

EnerSys Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. EnerSys's payout ratio is 11.88%.

EnerSys 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.