Fmr LLC Has $13.98 Million Stock Position in EnerSys (NYSE:ENS)

Fmr LLC increased its position in shares of EnerSys (NYSE:ENS) by 41.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,003 shares of the industrial products company’s stock after buying an additional 40,220 shares during the quarter. Fmr LLC’s holdings in EnerSys were worth $13,981,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ENS. American Century Companies Inc. raised its stake in EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after buying an additional 188,053 shares during the period. Shellback Capital LP purchased a new stake in shares of EnerSys in the second quarter worth approximately $14,012,000. AQR Capital Management LLC raised its stake in shares of EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of EnerSys in the second quarter worth approximately $10,765,000. Finally, Deprince Race & Zollo Inc. raised its stake in shares of EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after purchasing an additional 92,398 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, EnerSys presently has an average rating of “Buy” and a consensus target price of $118.00.

EnerSys Stock Performance

ENS stock opened at $94.09 on Wednesday. The firm has a market cap of $3.75 billion, a PE ratio of 13.33, a P/E/G ratio of 0.59 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $98.50 and a 200-day moving average of $100.89. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. EnerSys’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. As a group, sell-side analysts expect that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 13.60%.

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.