Mirae Asset Global Investments Co. Ltd. Buys 22,202 Shares of EnerSys (NYSE:ENS)

Mirae Asset Global Investments Co. Ltd. boosted its position in EnerSys (NYSE:ENS - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 750,960 shares of the industrial products company's stock after purchasing an additional 22,202 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.86% of EnerSys worth $75,817,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ENS. NBC Securities Inc. acquired a new position in EnerSys during the 3rd quarter valued at about $25,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the 2nd quarter valued at about $28,000. Huntington National Bank increased its stake in EnerSys by 189.6% during the 3rd quarter. Huntington National Bank now owns 362 shares of the industrial products company's stock valued at $34,000 after buying an additional 237 shares during the period. Quarry LP increased its stake in EnerSys by 625.6% during the 2nd quarter. Quarry LP now owns 312 shares of the industrial products company's stock valued at $34,000 after buying an additional 269 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in EnerSys by 1,386.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company's stock valued at $42,000 after buying an additional 416 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 6th. Oppenheimer cut shares of EnerSys from an "outperform" rating to a "market perform" rating in a research note on Friday, February 9th.

EnerSys Price Performance

Shares of ENS traded down $0.15 during mid-day trading on Friday, hitting $91.09. The company's stock had a trading volume of 209,223 shares, compared to its average volume of 223,869. The firm has a 50-day moving average price of $92.47 and a 200 day moving average price of $93.17. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.53. EnerSys has a fifty-two week low of $79.61 and a fifty-two week high of $113.34.

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

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.225 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. EnerSys's dividend payout ratio is currently 13.62%.

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.