Lazard Asset Management LLC Cuts Holdings in EnerSys (NYSE:ENS)

Lazard Asset Management LLC decreased its position in EnerSys (NYSE:ENS) by 40.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,675 shares of the industrial products company’s stock after selling 67,657 shares during the period. Lazard Asset Management LLC owned about 0.25% of EnerSys worth $9,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Pacer Advisors Inc. increased its holdings in EnerSys by 60.6% in the fourth quarter. Pacer Advisors Inc. now owns 7,799 shares of the industrial products company’s stock valued at $787,000 after buying an additional 2,942 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of EnerSys by 894.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 60,663 shares of the industrial products company’s stock valued at $6,125,000 after purchasing an additional 54,564 shares during the period. Ritholtz Wealth Management grew its position in shares of EnerSys by 40.3% in the fourth quarter. Ritholtz Wealth Management now owns 5,526 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 1,586 shares during the period. Pinnacle Associates Ltd. grew its position in shares of EnerSys by 13.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 13,860 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 1,630 shares during the period. Finally, Carmel Capital Management L.L.C. grew its position in shares of EnerSys by 21.0% in the fourth quarter. Carmel Capital Management L.L.C. now owns 49,050 shares of the industrial products company’s stock valued at $4,952,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

ENS has been the topic of several research analyst reports. BTIG Research lowered shares of EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday.

EnerSys Stock Up 1.5 %

Shares of ENS traded up $1.60 during mid-day trading on Friday, hitting $109.91. 231,329 shares of the company’s stock were exchanged, compared to its average volume of 209,220. The stock’s 50-day moving average is $104.97 and its 200-day moving average is $97.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $111.42. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.70 and a beta of 1.28.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $910.70 million for the quarter, compared to analyst estimates of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. On average, sell-side analysts anticipate that EnerSys will post 8.74 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a yield of 0.82%. EnerSys’s dividend payout ratio (DPR) is presently 13.85%.

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.