Retirement Systems of Alabama lessened its stake in EnerSys (NYSE:ENS) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,469 shares of the industrial products company’s stock after selling 40,557 shares during the quarter. Retirement Systems of Alabama’s holdings in EnerSys were worth $3,793,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares during the last quarter. Zions Bancorporation purchased a new position in shares of EnerSys during the 3rd quarter valued at approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after buying an additional 769 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of EnerSys during the 3rd quarter valued at approximately $188,000. Finally, Brown Advisory Inc. purchased a new position in shares of EnerSys during the 3rd quarter valued at approximately $208,000. Institutional investors own 97.58% of the company’s stock.
Several equities analysts have recently commented on the company. TheStreet cut EnerSys from a “b” rating to a “c+” rating in a research note on Friday, February 9th. ValuEngine cut EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sidoti cut EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a research note on Tuesday, January 23rd. CL King upgraded EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research upgraded EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. EnerSys has an average rating of “Hold” and an average target price of $78.00.
EnerSys (NYSE:ENS) opened at $72.26 on Thursday. EnerSys has a one year low of $61.33 and a one year high of $84.74. The company has a market capitalization of $3,029.26, a P/E ratio of 15.38, a PEG ratio of 1.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.53 and a current ratio of 3.47.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The firm had revenue of $658.90 million for the quarter, compared to analysts’ expectations of $634.75 million. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. sell-side analysts anticipate that EnerSys will post 4.65 earnings per share for the current year.
EnerSys declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s dividend payout ratio (DPR) is presently 31.25%.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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