Invesco Ltd. Has $115.47 Million Stock Position in EnerSys (NYSE:ENS)

Invesco Ltd. lessened its stake in shares of EnerSys (NYSE:ENS - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,249,309 shares of the industrial products company's stock after selling 13,810 shares during the quarter. Invesco Ltd. owned about 3.17% of EnerSys worth $115,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its position in shares of EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 403 shares during the period. R Squared Ltd acquired a new position in shares of EnerSys in the 4th quarter worth $47,000. Proficio Capital Partners LLC acquired a new position in shares of EnerSys in the 4th quarter worth $105,000. Parkside Financial Bank & Trust raised its position in shares of EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after purchasing an additional 678 shares during the period. Finally, KBC Group NV lifted its holdings in shares of EnerSys by 64.0% during the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 727 shares during the last quarter. Institutional investors own 94.93% of the company's stock.

EnerSys Stock Up 0.6 %

NYSE:ENS traded up $0.51 during trading hours on Friday, hitting $82.63. 211,747 shares of the stock traded hands, compared to its average volume of 285,536. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.57 and a beta of 1.15. The firm has a 50 day moving average price of $94.26 and a 200 day moving average price of $95.92. 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 has a fifty-two week low of $76.57 and a fifty-two week high of $112.53.

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

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's dividend payout ratio is currently 11.88%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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.