Walleye Capital LLC Takes $1.04 Million Position in EnerSys (NYSE:ENS)

Walleye Capital LLC bought a new position in shares of EnerSys (NYSE:ENS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,228 shares of the industrial products company's stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Norges Bank purchased a new stake in EnerSys during the 4th quarter worth approximately $49,222,000. Boston Partners lifted its stake in EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EnerSys by 113.0% in the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after acquiring an additional 158,617 shares during the last quarter. Lightrock Netherlands B.V. acquired a new position in EnerSys during the fourth quarter valued at $11,969,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of EnerSys during the 4th quarter valued at about $11,713,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Price Performance

ENS stock traded up $0.77 during midday trading on Friday, reaching $86.71. The stock had a trading volume of 39,457 shares, compared to its average volume of 284,535. The company's fifty day simple moving average is $92.49 and its 200 day simple moving average is $95.34. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. EnerSys's dividend payout ratio (DPR) is 11.88%.

Wall Street Analysts Forecast Growth

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