First Trust Advisors LP Has $17.52 Million Stock Holdings in EnerSys (NYSE:ENS)

First Trust Advisors LP grew its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,529 shares of the industrial products company's stock after purchasing an additional 8,559 shares during the period. First Trust Advisors LP owned approximately 0.48% of EnerSys worth $17,518,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of EnerSys by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company's stock valued at $431,376,000 after purchasing an additional 90,670 shares during the period. Boston Partners increased its holdings 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 purchasing an additional 270,726 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of EnerSys by 2.5% during 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. Norges Bank acquired a new position in shares of EnerSys during the fourth quarter valued at $49,222,000. Finally, Segall Bryant & Hamill LLC boosted its stake in EnerSys by 25.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 412,369 shares of the industrial products company's stock valued at $38,115,000 after buying an additional 82,363 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Price Performance

ENS stock traded down $0.14 during trading hours on Wednesday, hitting $86.64. 258,135 shares of the stock traded hands, compared to its average volume of 284,520. The stock has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $94.97. EnerSys has a one year low of $76.57 and a one year high of $112.53. The company has a market cap of $3.42 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.57 and a beta of 1.15. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Equities analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.24 dividend. 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 1.11%. EnerSys's dividend payout ratio (DPR) is 11.88%.

Analysts Set New Price Targets

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $117.50.

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.