Wedge Capital Management L L P NC Boosts Stock Position in EnerSys (NYSE:ENS)

Wedge Capital Management L L P NC lifted its position in shares of EnerSys (NYSE:ENS) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,193 shares of the industrial products company’s stock after purchasing an additional 141 shares during the period. Wedge Capital Management L L P NC owned 0.19% of EnerSys worth $7,692,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of EnerSys by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock valued at $411,385,000 after purchasing an additional 62,146 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of EnerSys by 36.2% during the third quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company’s stock valued at $80,666,000 after purchasing an additional 226,630 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of EnerSys by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 805,421 shares of the industrial products company’s stock valued at $76,249,000 after purchasing an additional 14,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of EnerSys by 3.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock valued at $75,817,000 after purchasing an additional 22,202 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of EnerSys by 104.2% during the third quarter. Boston Partners now owns 704,695 shares of the industrial products company’s stock valued at $66,280,000 after purchasing an additional 359,527 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Up 1.1 %

NYSE:ENS opened at $91.07 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. EnerSys has a 12 month low of $79.90 and a 12 month high of $113.34. The company has a market cap of $3.68 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a 50 day simple moving average of $91.46 and a two-hundred day simple moving average of $92.83.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $898.79 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts forecast that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, March 14th. EnerSys’s dividend payout ratio (DPR) is presently 13.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th.

EnerSys Company 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.