Russell Investments Group Ltd. Trims Stock Holdings in EnerSys (NYSE:ENS)

Russell Investments Group Ltd. trimmed its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,837 shares of the industrial products company's stock after selling 13,560 shares during the quarter. Russell Investments Group Ltd. owned 0.42% of EnerSys worth $17,248,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in EnerSys in the third quarter worth about $25,000. Huntington National Bank lifted its position in shares of EnerSys by 189.6% in the 3rd quarter. Huntington National Bank now owns 362 shares of the industrial products company's stock worth $34,000 after purchasing an additional 237 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of 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 purchased a new position in EnerSys during the third quarter valued at approximately $49,000. Finally, Arlington Trust Co LLC bought a new position in EnerSys in the fourth quarter worth approximately $157,000. 94.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ENS has been the topic of a number of analyst reports. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 6th. Oppenheimer lowered EnerSys from an "outperform" rating to a "market perform" rating in a research note on Friday, February 9th.

EnerSys Stock Up 1.0 %

ENS traded up $0.92 during trading on Friday, hitting $93.28. The stock had a trading volume of 178,774 shares, compared to its average volume of 229,022. The stock has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $92.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67. EnerSys has a twelve month low of $79.90 and a twelve month high of $113.34. The company has a market capitalization of $3.77 billion, a PE ratio of 14.11, a PEG ratio of 0.78 and a beta of 1.35.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm earned $1.27 EPS. The business's quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts predict that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.96%. EnerSys's dividend payout ratio (DPR) is currently 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.