EntryPoint Capital LLC Takes $389,000 Position in EnerSys (NYSE:ENS)

EntryPoint Capital LLC bought a new stake in EnerSys (NYSE:ENS) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,209 shares of the industrial products company’s stock, valued at approximately $389,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after purchasing an additional 24,123 shares during the period. Charles Schwab Investment Management Inc. grew its stake in EnerSys by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock valued at $56,338,000 after acquiring an additional 15,133 shares during the period. BNP Paribas Financial Markets increased its holdings in EnerSys by 38.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,519 shares of the industrial products company’s stock worth $4,441,000 after acquiring an additional 12,145 shares in the last quarter. Sanctuary Advisors LLC raised its position in EnerSys by 24.7% during the third quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 818 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in EnerSys by 8.7% during the third quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock valued at $43,400,000 after purchasing an additional 34,173 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Price Performance

EnerSys stock opened at $96.39 on Thursday. The company has a fifty day simple moving average of $98.73 and a 200-day simple moving average of $97.69. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.57 and a beta of 1.18. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, equities analysts anticipate that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. EnerSys’s payout ratio is 11.88%.

Analyst Ratings Changes

ENS has been the subject of a number of research reports. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.