State of New Jersey Common Pension Fund D Acquires 2,265 Shares of EnerSys (NYSE:ENS)

State of New Jersey Common Pension Fund D increased its holdings in shares of EnerSys (NYSE:ENS) by 11.3% during the 4th quarter, HoldingsChannel reports. The firm owned 22,305 shares of the industrial products company’s stock after purchasing an additional 2,265 shares during the period. State of New Jersey Common Pension Fund D’s holdings in EnerSys were worth $2,062,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted its holdings in shares of EnerSys by 0.9% during the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after purchasing an additional 13,524 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after purchasing an additional 11,384 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EnerSys by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after purchasing an additional 9,337 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of EnerSys by 8.7% during the 3rd quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock valued at $43,400,000 after purchasing an additional 34,173 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of EnerSys by 25.9% during the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after purchasing an additional 49,392 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ENS. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Trading Down 0.6 %

NYSE ENS opened at $102.08 on Friday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.57 and a beta of 1.22. The stock’s 50 day moving average price is $95.92 and its two-hundred day moving average price is $97.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys’s dividend payout ratio is currently 11.88%.

EnerSys Profile

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.