First Trust Advisors LP Boosts Stock Holdings in EnerSys (NYSE:ENS)

First Trust Advisors LP boosted its position in EnerSys (NYSE:ENS) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 189,529 shares of the industrial products company’s stock after purchasing an additional 8,559 shares during the period. First Trust Advisors LP’s holdings in EnerSys were worth $17,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC grew its stake in shares of 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 period. Canada Pension Plan Investment Board boosted its position in EnerSys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 100 shares during the period. R Squared Ltd purchased a new position in shares of EnerSys in the fourth quarter worth about $47,000. Covestor Ltd raised its position in shares of EnerSys by 32.4% in the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 189 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of EnerSys during the 4th quarter valued at approximately $105,000. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

EnerSys Trading Up 0.5 %

Shares of ENS opened at $86.36 on Friday. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The stock has a market cap of $3.41 billion, a PE ratio of 10.69, a P/E/G ratio of 0.57 and a beta of 1.15. 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 business’s 50-day moving average price is $92.20 and its 200-day moving average price is $95.19.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, equities analysts forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, March 14th. EnerSys’s dividend payout ratio is 11.88%.

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.