ExodusPoint Capital Management LP bought a new position in EnerSys (NYSE:ENS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,506 shares of the industrial products company’s stock, valued at approximately $565,000.
Several other large investors have also made changes to their positions in ENS. American Century Companies Inc. boosted its holdings in shares of EnerSys by 51.8% in the 1st quarter. American Century Companies Inc. now owns 8,108 shares of the industrial products company’s stock worth $695,000 after acquiring an additional 2,767 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of EnerSys by 7.8% in the first quarter. Envestnet Asset Management Inc. now owns 97,358 shares of the industrial products company’s stock valued at $8,458,000 after buying an additional 7,015 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of EnerSys by 2.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 79,862 shares of the industrial products company’s stock valued at $6,938,000 after buying an additional 2,070 shares during the last quarter. Greenleaf Trust bought a new position in shares of EnerSys in the first quarter valued at about $213,000. Finally, Rhumbline Advisers raised its holdings in shares of EnerSys by 0.6% in the first quarter. Rhumbline Advisers now owns 151,888 shares of the industrial products company’s stock valued at $13,196,000 after buying an additional 955 shares during the last quarter. Institutional investors own 91.56% of the company’s stock.
EnerSys Trading Down 2.2 %
NYSE ENS opened at $99.54 on Thursday. The stock has a 50-day simple moving average of $105.15 and a 200 day simple moving average of $94.75. The company has a market capitalization of $4.09 billion, a PE ratio of 19.48, a P/E/G ratio of 0.96 and a beta of 1.35. The company has a current ratio of 2.76, a quick ratio of 1.48 and a debt-to-equity ratio of 0.54. EnerSys has a 12 month low of $56.72 and a 12 month high of $113.34.
EnerSys Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.90 dividend on an annualized basis and a yield of 0.90%. This is a boost from EnerSys’s previous quarterly dividend of $0.18. EnerSys’s payout ratio is currently 17.61%.
Analyst Upgrades and Downgrades
ENS has been the subject of a number of research reports. CL King initiated coverage on shares of EnerSys in a report on Friday, July 14th. They issued a “buy” rating and a $137.00 price target for the company. Oppenheimer decreased their price target on EnerSys from $119.00 to $117.00 in a report on Friday, August 11th. StockNews.com started coverage on EnerSys in a report on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Finally, BTIG Research increased their price objective on shares of EnerSys from $100.00 to $125.00 in a report on Friday, June 16th.
View Our Latest Report on EnerSys
EnerSys Profile
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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