Assenagon Asset Management S.A. Purchases 54,564 Shares of EnerSys (NYSE:ENS)

Assenagon Asset Management S.A. boosted its holdings in EnerSys (NYSE:ENS - Free Report) by 894.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,663 shares of the industrial products company's stock after purchasing an additional 54,564 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.15% of EnerSys worth $6,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENS. BlackRock Inc. raised its holdings in shares of EnerSys by 0.7% during the 2nd quarter. BlackRock Inc. now owns 4,876,506 shares of the industrial products company's stock worth $529,198,000 after acquiring an additional 35,545 shares in the last quarter. Vanguard Group Inc. grew its position in shares of EnerSys by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company's stock worth $411,385,000 after buying an additional 62,146 shares in the last quarter. State Street Corp grew its position in shares of EnerSys by 3.3% during the 1st quarter. State Street Corp now owns 1,414,007 shares of the industrial products company's stock worth $122,849,000 after buying an additional 45,139 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of EnerSys by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company's stock worth $104,691,000 after buying an additional 101,062 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of EnerSys by 36.2% during the 3rd quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company's stock worth $80,666,000 after buying an additional 226,630 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

EnerSys Stock Performance

ENS stock traded up $0.29 during trading on Friday, hitting $94.46. 215,568 shares of the company traded hands, compared to its average volume of 238,319. The stock's 50-day simple moving average is $93.06 and its 200 day simple moving average is $93.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.53. The company has a market cap of $3.82 billion, a PE ratio of 14.29, a P/E/G ratio of 0.81 and a beta of 1.35. EnerSys has a 1 year low of $79.61 and a 1 year high of $113.34.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. The company had revenue of $861.50 million for the quarter, compared to analyst estimates of $898.79 million. During the same period last year, the company earned $1.27 earnings per share. EnerSys's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts expect that EnerSys will post 8.3 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, March 14th. EnerSys's dividend payout ratio is presently 13.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ENS shares. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 6th. Oppenheimer cut EnerSys from an "outperform" rating to a "market perform" rating in a research note on Friday, February 9th.

EnerSys Company Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.