UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in EnerSys (NYSE:ENS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in EnerSys (NYSE:ENS - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,033 shares of the industrial products company's stock after purchasing an additional 10,634 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of EnerSys worth $9,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ENS. Norges Bank purchased a new stake in shares of EnerSys in the fourth quarter worth approximately $49,222,000. Millennium Management LLC increased its position in shares of EnerSys by 3,833.5% during the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after acquiring an additional 404,204 shares during the last quarter. Boston Partners increased its position in shares of EnerSys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of EnerSys by 113.0% during the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after acquiring an additional 158,617 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new stake in shares of EnerSys during the fourth quarter valued at approximately $11,969,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Performance

NYSE ENS traded up $0.16 on Wednesday, hitting $85.41. 444,728 shares of the stock traded hands, compared to its average volume of 302,211. The business's fifty day moving average is $87.21 and its two-hundred day moving average is $93.32. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06.

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

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, June 13th. EnerSys's payout ratio is currently 10.65%.

Insider Transactions at EnerSys

In related news, CFO Andrea J. Funk purchased 315 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The stock was bought at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the acquisition, the chief executive officer now directly owns 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,085 shares of company stock valued at $89,726 over the last three months. Company insiders own 1.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ENS. Roth Mkm reaffirmed a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th. Roth Capital reaffirmed a "buy" rating on shares of EnerSys in a research report on Thursday, May 22nd.

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.