ProShare Advisors LLC Grows Position in EnerSys (NYSE:ENS)

ProShare Advisors LLC boosted its position in EnerSys (NYSE:ENS - Free Report) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,133 shares of the industrial products company's stock after purchasing an additional 3,816 shares during the quarter. ProShare Advisors LLC's holdings in EnerSys were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Quarry LP lifted its stake in shares of EnerSys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after buying an additional 204 shares in the last quarter. Headlands Technologies LLC boosted its stake in 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 buying an additional 403 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in EnerSys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after buying an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in EnerSys in the 4th quarter valued at $47,000. Finally, Covestor Ltd increased its stake in shares of EnerSys by 32.4% in the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock worth $71,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

ENS has been the topic of several recent research reports. Roth Mkm reissued a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th. Roth Capital reiterated a "buy" rating on shares of EnerSys in a report on Thursday, May 22nd.

EnerSys Stock Down 0.7%

Shares of NYSE ENS traded down $0.58 during midday trading on Wednesday, hitting $83.56. The company's stock had a trading volume of 101,785 shares, compared to its average volume of 294,885. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The business's fifty day simple moving average is $88.67 and its two-hundred day simple moving average is $93.88. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $973.45 million. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, June 13th. EnerSys's dividend payout ratio is presently 10.65%.

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.