Caisse DE Depot ET Placement DU Quebec Takes $2.95 Million Position in EnerSys (NYSE:ENS)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of EnerSys (NYSE:ENS) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,855 shares of the industrial products company’s stock, valued at approximately $2,945,000. Caisse DE Depot ET Placement DU Quebec owned 0.07% of EnerSys as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENS. Earnest Partners LLC increased its position in shares of EnerSys by 1.9% during the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after acquiring an additional 21,903 shares during the period. AQR Capital Management LLC increased its holdings in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the period. Deprince Race & Zollo Inc. increased its holdings in EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after purchasing an additional 92,398 shares during the period. Charles Schwab Investment Management Inc. raised its position in EnerSys by 1.6% in 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. Finally, Fisher Asset Management LLC boosted its stake in shares of EnerSys by 8.7% in 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 buying an additional 34,173 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENS. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Stock Performance

Shares of ENS opened at $97.66 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The stock has a 50 day moving average price of $99.15 and a 200 day moving average price of $101.09. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. During the same period last year, the firm posted $1.84 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Research analysts predict that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.98%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Insider Buying and Selling

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the business’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 value of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.61% of the stock is currently owned by company insiders.

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.