EnerSys (NYSE:ENS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of EnerSys (NYSE:ENS - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,258 shares of the industrial products company's stock after selling 8,224 shares during the quarter. Federated Hermes Inc. owned about 0.09% of EnerSys worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in EnerSys during the third quarter valued at about $25,000. Huntington National Bank boosted its position in EnerSys by 189.6% during the third quarter. Huntington National Bank now owns 362 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in EnerSys by 1,386.7% during the third quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 416 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in EnerSys during the third quarter valued at about $49,000. Finally, UMB Bank n.a. boosted its position in EnerSys by 36.0% during the third quarter. UMB Bank n.a. now owns 620 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENS. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research note 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 Stock Up 0.3 %

EnerSys stock traded up $0.29 during midday trading on Friday, reaching $91.28. The company's stock had a trading volume of 274,870 shares, compared to its average volume of 206,611. The stock's 50-day simple moving average is $91.44 and its 200-day simple moving average is $92.76. 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 52-week low of $79.90 and a 52-week high of $113.34. The stock has a market capitalization of $3.69 billion, a P/E ratio of 13.81, a PEG ratio of 0.77 and a beta of 1.36.

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. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. The firm had revenue of $861.50 million during the quarter, compared to analysts' expectations of $898.79 million. During the same period last year, the business posted $1.27 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts expect that EnerSys will post 8.3 EPS for the current year.

EnerSys Dividend Announcement

The company 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. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 14th. EnerSys's payout ratio is 13.62%.

EnerSys 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.