Renaissance Technologies LLC Sells 14,200 Shares of EnerSys (NYSE:ENS)

Renaissance Technologies LLC lowered its stake in shares of EnerSys (NYSE:ENS - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,200 shares of the industrial products company's stock after selling 14,200 shares during the period. Renaissance Technologies LLC's holdings in EnerSys were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ENS. Headlands Technologies LLC boosted its stake in EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after acquiring an additional 403 shares during the last quarter. R Squared Ltd acquired a new stake in EnerSys in the fourth quarter worth $47,000. Proficio Capital Partners LLC bought a new position in shares of EnerSys during the fourth quarter worth $105,000. Parkside Financial Bank & Trust grew its holdings in shares of EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after buying an additional 678 shares during the period. Finally, KBC Group NV increased its position in shares of EnerSys by 64.0% in the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after buying an additional 727 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Stock Up 0.5 %

Shares of ENS stock opened at $86.84 on Wednesday. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $91.58 and a 200-day moving average of $94.97. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, equities research analysts predict that EnerSys will post 9.99 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 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is currently 11.88%.

Analyst Ratings Changes

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $117.50.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) 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, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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