Duality Advisers LP increased its stake in EnerSys (NYSE:ENS – Get Rating) by 24.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,873 shares of the industrial products company’s stock after buying an additional 1,357 shares during the period. Duality Advisers LP’s holdings in EnerSys were worth $400,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ENS. Ellevest Inc. increased its stake in shares of EnerSys by 69.1% in the second quarter. Ellevest Inc. now owns 443 shares of the industrial products company’s stock worth $26,000 after buying an additional 181 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of EnerSys by 65.9% in the second quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock worth $29,000 after buying an additional 193 shares during the last quarter. Assetmark Inc. increased its stake in shares of EnerSys by 139.3% in the second quarter. Assetmark Inc. now owns 615 shares of the industrial products company’s stock worth $36,000 after buying an additional 358 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in EnerSys during the third quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC bought a new stake in EnerSys during the second quarter valued at $51,000. Institutional investors own 95.66% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ENS. TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. BTIG Research boosted their target price on shares of EnerSys to $85.00 in a research note on Wednesday, November 16th. Finally, StockNews.com assumed coverage on shares of EnerSys in a research note on Wednesday, October 12th. They set a “buy” rating for the company.
EnerSys Stock Performance
EnerSys (NYSE:ENS – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.02. EnerSys had a net margin of 3.66% and a return on equity of 12.72%. The company had revenue of $899.40 million during the quarter, compared to the consensus estimate of $889.95 million. As a group, equities analysts anticipate that EnerSys will post 4.79 earnings per share for the current year.
EnerSys Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, December 15th. EnerSys’s payout ratio is currently 22.51%.
EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.
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