Vanguard Group Inc. Sells 9,323 Shares of EnerSys (NYSE:ENS)

Vanguard Group Inc. trimmed its holdings in shares of EnerSys (NYSE:ENS) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,336,143 shares of the industrial products company’s stock after selling 9,323 shares during the period. Vanguard Group Inc. owned about 10.73% of EnerSys worth $437,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in EnerSys by 3.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock worth $75,817,000 after buying an additional 22,202 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of EnerSys by 128.4% in the 3rd quarter. AQR Capital Management LLC now owns 603,169 shares of the industrial products company’s stock worth $57,102,000 after purchasing an additional 339,141 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in EnerSys by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 560,347 shares of the industrial products company’s stock valued at $56,573,000 after purchasing an additional 6,758 shares during the last quarter. Norges Bank bought a new position in EnerSys during the fourth quarter valued at $46,747,000. Finally, Allianz Asset Management GmbH increased its position in EnerSys by 0.7% in the fourth quarter. Allianz Asset Management GmbH now owns 315,932 shares of the industrial products company’s stock worth $31,896,000 after buying an additional 2,105 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BTIG Research downgraded EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, EnerSys has an average rating of “Hold” and a consensus price target of $126.50.

EnerSys Stock Performance

NYSE:ENS opened at $101.98 on Thursday. EnerSys has a 52-week low of $83.27 and a 52-week high of $113.34. The business’s fifty day moving average is $100.04 and its 200 day moving average is $96.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.65 and a beta of 1.33.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Research analysts predict that EnerSys will post 8.74 EPS for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.88%. EnerSys’s payout ratio is currently 13.85%.

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.