Bank of New York Mellon Corp decreased its holdings in shares of EnerSys (NYSE:ENS – Get Rating) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 837,077 shares of the industrial products company’s stock after selling 27,315 shares during the period. Bank of New York Mellon Corp owned approximately 2.05% of EnerSys worth $48,692,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of ENS. HighTower Advisors LLC acquired a new stake in shares of EnerSys in the 1st quarter worth approximately $264,000. Bank of Montreal Can grew its holdings in shares of EnerSys by 12.9% in the 1st quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock worth $812,000 after acquiring an additional 1,221 shares during the period. MetLife Investment Management LLC grew its holdings in shares of EnerSys by 35.1% in the 1st quarter. MetLife Investment Management LLC now owns 47,723 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 12,406 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of EnerSys by 8.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,118 shares of the industrial products company’s stock worth $1,127,000 after acquiring an additional 1,229 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of EnerSys by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock worth $104,691,000 after acquiring an additional 101,062 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.
Analysts Set New Price Targets
ENS has been the topic of a number of research reports. BTIG Research upped their price target on EnerSys to $85.00 in a report on Wednesday, November 16th. TheStreet raised EnerSys from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. Finally, StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 16th.
EnerSys Price Performance
EnerSys (NYSE:ENS – Get Rating) last posted its earnings results on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. The firm had revenue of $920.20 million for the quarter, compared to analyst estimates of $926.36 million. During the same quarter in the prior year, the company earned $1.01 EPS. EnerSys’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that EnerSys will post 4.89 earnings per share for the current fiscal year.
EnerSys Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, March 16th. EnerSys’s dividend payout ratio is presently 20.96%.
About EnerSys
EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.
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