Global Alpha Capital Management Ltd. Has $3.10 Million Stake in EnerSys (NYSE:ENS)

Global Alpha Capital Management Ltd. raised its stake in EnerSys (NYSE:ENS) by 22.6% in the fourth quarter, Holdings Channel reports. The fund owned 33,548 shares of the industrial products company’s stock after purchasing an additional 6,187 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in EnerSys were worth $3,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Candriam S.C.A. lifted its stake in EnerSys by 37.8% in the 4th quarter. Candriam S.C.A. now owns 26,930 shares of the industrial products company’s stock valued at $2,489,000 after purchasing an additional 7,394 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of EnerSys during the fourth quarter worth $561,000. Victory Capital Management Inc. lifted its stake in shares of EnerSys by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,328 shares of the industrial products company’s stock valued at $1,232,000 after acquiring an additional 396 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EnerSys by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock valued at $56,338,000 after acquiring an additional 15,133 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 678 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Stock Performance

Shares of ENS stock opened at $101.27 on Friday. EnerSys has a one year low of $88.50 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The business’s 50 day simple moving average is $97.40 and its 200 day simple moving average is $97.80. The stock has a market capitalization of $3.99 billion, a PE ratio of 12.53, a PEG ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 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, research analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

Analyst Upgrades and Downgrades

Several research firms have commented on ENS. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Friday, January 17th. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.