Corient Private Wealth LLC Has $15.79 Million Stock Position in EnerSys (NYSE:ENS)

Corient Private Wealth LLC grew its holdings in EnerSys (NYSE:ENS) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,368 shares of the industrial products company’s stock after purchasing an additional 18,043 shares during the period. Corient Private Wealth LLC owned approximately 0.39% of EnerSys worth $15,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENS. Global Alpha Capital Management Ltd. purchased a new stake in shares of EnerSys in the 4th quarter valued at $1,938,000. Hillsdale Investment Management Inc. boosted its holdings in shares of EnerSys by 65,650.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 39,450 shares of the industrial products company’s stock valued at $3,983,000 after acquiring an additional 39,390 shares during the last quarter. UBS Group AG boosted its holdings in shares of EnerSys by 36.0% in the fourth quarter. UBS Group AG now owns 59,450 shares of the industrial products company’s stock worth $6,002,000 after buying an additional 15,732 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in EnerSys by 83.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 17,384 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 7,899 shares during the period. Finally, Norges Bank bought a new stake in EnerSys during the 4th quarter worth approximately $46,747,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Trading Down 0.7 %

NYSE ENS traded down $0.77 on Friday, reaching $107.18. The stock had a trading volume of 543,566 shares, compared to its average volume of 242,819. The stock has a fifty day moving average price of $93.49 and a two-hundred day moving average price of $93.73. The company has a quick ratio of 1.53, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. EnerSys has a 12-month low of $83.27 and a 12-month high of $113.34. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.91 and a beta of 1.35.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The business had revenue of $910.70 million for the quarter, compared to analysts’ expectations of $893.64 million. During the same period in the previous year, the company posted $1.82 EPS. The company’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that EnerSys will post 8.47 EPS for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, June 14th. EnerSys’s payout ratio is 13.85%.

Wall Street Analyst Weigh In

ENS has been the topic of several recent analyst reports. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Finally, BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.00.

About EnerSys

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.