EnerSys (NYSE:ENS) Stock Position Raised by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY raised its stake in EnerSys (NYSE:ENS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 477,972 shares of the industrial products company's stock after purchasing an additional 15,472 shares during the quarter. EnerSys comprises approximately 2.0% of Paradigm Capital Management Inc. NY's holdings, making the stock its 14th biggest holding. Paradigm Capital Management Inc. NY owned approximately 1.21% of EnerSys worth $44,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in EnerSys by 2.5% in the fourth 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 period. LPL Financial LLC raised its holdings 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 buying an additional 3,601 shares during the period. EntryPoint Capital LLC acquired a new position in EnerSys during the 4th quarter worth approximately $389,000. Janney Montgomery Scott LLC boosted its holdings in EnerSys by 12.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock worth $1,618,000 after acquiring an additional 1,876 shares during the period. Finally, Tributary Capital Management LLC raised its stake in shares of EnerSys by 25.9% during the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company's stock valued at $22,161,000 after purchasing an additional 49,392 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of EnerSys in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, EnerSys presently has an average rating of "Buy" and an average price target of $117.50.

EnerSys Stock Down 14.7%

ENS traded down $14.06 during trading on Thursday, hitting $81.44. The company had a trading volume of 2,070,882 shares, compared to its average volume of 294,517. EnerSys has a 1-year low of $76.57 and a 1-year 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. The company has a market cap of $3.21 billion, a PE ratio of 10.08, a P/E/G ratio of 0.57 and a beta of 1.13. The business has a 50-day moving average of $89.61 and a 200-day moving average of $94.26.

EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.19. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. The business had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same quarter in the prior year, the business posted $2.08 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, June 13th. 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.