EnerSys (NYSE:ENS) Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of EnerSys (NYSE:ENS - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 940,776 shares of the industrial products company's stock after selling 5,484 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of EnerSys worth $86,976,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in 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 worth $56,338,000 after buying an additional 15,133 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of EnerSys by 24.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company's stock valued at $403,000 after purchasing an additional 818 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of EnerSys in the 4th quarter worth $389,000. Janney Montgomery Scott LLC increased its position in EnerSys by 12.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock worth $1,618,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Tributary Capital Management LLC grew its stake in shares of EnerSys by 25.9% in 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 buying an additional 49,392 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Down 1.6 %

Shares of EnerSys stock traded down $1.30 during trading on Wednesday, reaching $82.27. The company had a trading volume of 18,206 shares, compared to its average volume of 284,518. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The firm's fifty day moving average is $94.97 and its 200-day moving average is $96.15.

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

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

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 for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $117.50.

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.