State Street Corp Has $150.50 Million Position in EnerSys (NYSE:ENS)

State Street Corp grew its holdings in EnerSys (NYSE:ENS) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,474,789 shares of the industrial products company’s stock after purchasing an additional 13,524 shares during the quarter. State Street Corp’s holdings in EnerSys were worth $150,502,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENS. American Century Companies Inc. grew its position in shares of EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP acquired a new stake in shares of EnerSys in the second quarter valued at about $14,012,000. AQR Capital Management LLC grew its position in shares of EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of EnerSys in the second quarter valued at about $10,765,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of EnerSys in the third quarter valued at about $9,438,000. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Stock Down 1.0 %

ENS stock opened at $93.26 on Friday. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The company has a market cap of $3.71 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The business’s 50-day simple moving average is $98.22 and its 200 day simple moving average is $100.71. 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 (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 earnings per share. On average, research analysts anticipate that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, December 13th. EnerSys’s payout ratio is 13.60%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reissued a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $118.00.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of EnerSys 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 directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.61% of the company’s stock.

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.