Wedge Capital Management L L P NC Grows Stake in EnerSys (NYSE:ENS)

Wedge Capital Management L L P NC grew its position in EnerSys (NYSE:ENS) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,193 shares of the industrial products company’s stock after purchasing an additional 141 shares during the quarter. Wedge Capital Management L L P NC’s holdings in EnerSys were worth $7,692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. purchased a new stake in shares of EnerSys during the third quarter valued at $25,000. Huntington National Bank lifted its position in EnerSys by 189.6% during the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 237 shares during the period. Parkside Financial Bank & Trust lifted its position in EnerSys by 1,386.7% during the third quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 416 shares during the period. Exchange Traded Concepts LLC acquired a new position in EnerSys during the third quarter valued at $49,000. Finally, UMB Bank n.a. lifted its position in EnerSys by 36.0% during the third quarter. UMB Bank n.a. now owns 620 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 164 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Up 1.1 %

ENS stock opened at $91.07 on Wednesday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.77 and a beta of 1.36. The firm has a 50-day simple moving average of $91.46 and a 200-day simple moving average of $92.83. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.51. EnerSys has a 52 week low of $79.90 and a 52 week high of $113.34.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The company had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $898.79 million. During the same quarter in the prior year, the company earned $1.27 EPS. EnerSys’s revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that EnerSys will post 8.3 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENS. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. StockNews.com upgraded 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.