Boston Partners Raises Stock Position in EnerSys (NYSE:ENS)

Boston Partners grew its holdings in shares of EnerSys (NYSE:ENS) by 47.1% during the fourth quarter, Holdings Channel reports. The firm owned 845,496 shares of the industrial products company’s stock after purchasing an additional 270,726 shares during the quarter. Boston Partners’ holdings in EnerSys were worth $78,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ENS. R Squared Ltd acquired a new position in shares of EnerSys during the fourth quarter worth about $47,000. Millburn Ridgefield Corp acquired a new position in shares of EnerSys during the third quarter worth about $88,000. Proficio Capital Partners LLC acquired a new position in shares of EnerSys during the fourth quarter worth about $105,000. Parkside Financial Bank & Trust grew its position in shares of EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of EnerSys during the third quarter worth about $125,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ENS shares. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $117.50.

EnerSys Stock Performance

Shares of ENS opened at $96.91 on Thursday. The stock has a 50 day moving average price of $98.20 and a 200 day moving average price of $97.74. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53.

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

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, March 14th. EnerSys’s payout ratio is currently 11.88%.

EnerSys Company 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.