Fisher Asset Management LLC Sells 99,207 Shares of EnerSys (NYSE:ENS)

Fisher Asset Management LLC lessened its holdings in EnerSys (NYSE:ENS - Free Report) by 23.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,806 shares of the industrial products company's stock after selling 99,207 shares during the period. Fisher Asset Management LLC owned approximately 0.80% of EnerSys worth $32,691,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new position in EnerSys in the 3rd quarter valued at $25,000. Huntington National Bank increased its stake in shares of EnerSys by 189.6% during 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 last quarter. Parkside Financial Bank & Trust lifted its stake in EnerSys by 1,386.7% in 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 during the last quarter. Exchange Traded Concepts LLC purchased a new stake in EnerSys in the third quarter worth $49,000. Finally, Arlington Trust Co LLC bought a new stake in shares of EnerSys in the fourth quarter valued at $157,000. 94.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENS has been the subject of several recent research reports. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 6th. Oppenheimer lowered shares of EnerSys from an "outperform" rating to a "market perform" rating in a research report on Friday, February 9th.

EnerSys Stock Performance

Shares of NYSE:ENS traded up $0.92 during midday trading on Friday, reaching $93.28. 178,774 shares of the company traded hands, compared to its average volume of 229,022. The firm's fifty day moving average price is $91.55 and its two-hundred day moving average price is $92.68. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.51. EnerSys has a 12 month low of $79.90 and a 12 month high of $113.34.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share 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 firm had revenue of $861.50 million for the quarter, compared to analysts' expectations of $898.79 million. During the same period in the prior year, the business posted $1.27 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. On average, equities analysts expect that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.96%. EnerSys's dividend payout ratio (DPR) is presently 13.62%.

About EnerSys

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.