EnerSys (NYSE:ENS) Stake Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in EnerSys (NYSE:ENS) by 257,133.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,434 shares of the industrial products company’s stock after purchasing an additional 15,428 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in EnerSys were worth $1,433,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ENS. Uncommon Cents Investing LLC boosted its holdings in shares of EnerSys by 4.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock valued at $314,000 after buying an additional 150 shares during the period. Carolina Wealth Advisors LLC boosted its stake in EnerSys by 2.6% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 169 shares during the period. Aurora Investment Counsel boosted its stake in EnerSys by 0.9% in the third quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 180 shares during the period. Quantinno Capital Management LP grew its holdings in shares of EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 183 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of EnerSys by 1.5% during the 3rd quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock worth $1,320,000 after purchasing an additional 185 shares during the period. Institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENS. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, January 17th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Stock Up 1.5 %

ENS stock opened at $96.92 on Tuesday. The firm’s 50-day moving average is $98.03 and its two-hundred day moving average is $97.78. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.00, 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. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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%. On average, analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys’s 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.