BNP Paribas Financial Markets Decreases Stock Position in EnerSys (NYSE:ENS)

BNP Paribas Financial Markets decreased its position in shares of EnerSys (NYSE:ENS) by 14.4% in the first quarter, HoldingsChannel reports. The firm owned 51,744 shares of the industrial products company’s stock after selling 8,733 shares during the quarter. BNP Paribas Financial Markets’ holdings in EnerSys were worth $4,888,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in EnerSys during the 4th quarter valued at approximately $52,000. Arlington Trust Co LLC purchased a new position in shares of EnerSys in the fourth quarter valued at $157,000. MeadowBrook Investment Advisors LLC bought a new stake in EnerSys in the fourth quarter worth $157,000. TFO Wealth Partners LLC raised its stake in EnerSys by 103,350.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,069 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Advisor Resource Council bought a new position in EnerSys during the fourth quarter valued at $214,000. 94.93% of the stock is owned by institutional investors.

EnerSys Trading Up 4.3 %

ENS stock opened at $104.64 on Friday. The firm’s fifty day simple moving average is $102.46 and its two-hundred day simple moving average is $96.81. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. EnerSys has a twelve month low of $83.27 and a twelve month high of $113.34.

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

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, June 14th. EnerSys’s payout ratio is currently 13.85%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENS shares. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Tuesday. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EnerSys currently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

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.