Perpetual Ltd Has $392,000 Stock Holdings in EnerSys (NYSE:ENS)

Perpetual Ltd grew its stake in EnerSys (NYSE:ENS) by 88.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,241 shares of the industrial products company’s stock after buying an additional 1,991 shares during the period. Perpetual Ltd’s holdings in EnerSys were worth $392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ENS. Canada Pension Plan Investment Board acquired a new position in EnerSys in the second quarter valued at about $41,000. Millburn Ridgefield Corp bought a new position in EnerSys during the 3rd quarter worth approximately $88,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the third quarter valued at approximately $125,000. CWM LLC increased its stake in EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 484 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in EnerSys in the third quarter worth $184,000. 94.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.61% of the company’s stock.

EnerSys Stock Down 0.9 %

Shares of ENS stock opened at $99.78 on Thursday. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of $94.63 and a 200-day moving average of $98.45. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.56 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. As a group, equities research analysts predict that EnerSys will post 9.83 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s payout ratio is 13.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENS. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $117.50.

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.