EnerSys (NYSE:ENS) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. boosted its holdings in shares of EnerSys (NYSE:ENS) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,440 shares of the industrial products company’s stock after buying an additional 4,550 shares during the quarter. Stanley Laman Group Ltd.’s holdings in EnerSys were worth $3,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State of New Jersey Common Pension Fund D raised its position in shares of EnerSys by 15.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,319 shares of the industrial products company’s stock worth $2,859,000 after purchasing an additional 3,719 shares during the last quarter. Bailard Inc. acquired a new position in shares of EnerSys in the fourth quarter worth $651,000. New York State Common Retirement Fund raised its holdings in shares of EnerSys by 24.5% in the fourth quarter. New York State Common Retirement Fund now owns 21,093 shares of the industrial products company’s stock worth $2,130,000 after acquiring an additional 4,151 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of EnerSys in the fourth quarter valued at $692,000. Finally, Capital Management Corp VA boosted its stake in shares of EnerSys by 8.6% during the fourth quarter. Capital Management Corp VA now owns 52,951 shares of the industrial products company’s stock valued at $5,346,000 after acquiring an additional 4,171 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 0.7 %

Shares of NYSE:ENS traded up $0.62 during midday trading on Thursday, reaching $91.00. The company’s stock had a trading volume of 252,387 shares, compared to its average volume of 223,595. The business has a 50 day moving average price of $91.45 and a 200 day moving average price of $92.80. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.51. EnerSys has a 1 year low of $79.90 and a 1 year high of $113.34. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $898.79 million. During the same period in the prior year, the firm posted $1.27 EPS. The company’s revenue was down 6.4% on a year-over-year basis. Research analysts forecast that EnerSys will post 8.3 EPS for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. EnerSys’s dividend payout ratio is presently 13.62%.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th. Oppenheimer lowered shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th.

EnerSys Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.