9,084 Shares in EnerSys (NYSE:ENS) Acquired by Shell Asset Management Co.

Shell Asset Management Co. bought a new stake in shares of EnerSys (NYSE:ENS) during the 1st quarter, HoldingsChannel reports. The firm bought 9,084 shares of the industrial products company’s stock, valued at approximately $858,000.

Several other institutional investors have also added to or reduced their stakes in ENS. Pitcairn Co. lifted its holdings in shares of EnerSys by 3.2% during the first quarter. Pitcairn Co. now owns 7,733 shares of the industrial products company’s stock valued at $730,000 after purchasing an additional 243 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in EnerSys by 14.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,856 shares of the industrial products company’s stock valued at $4,048,000 after purchasing an additional 5,385 shares during the period. Clearbridge Investments LLC raised its stake in EnerSys by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 165,889 shares of the industrial products company’s stock valued at $15,670,000 after buying an additional 3,572 shares during the last quarter. Covestor Ltd increased its position in EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in EnerSys by 8.4% in the first quarter. Hillsdale Investment Management Inc. now owns 42,750 shares of the industrial products company’s stock worth $4,038,000 after acquiring an additional 3,300 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENS shares. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday.

EnerSys Stock Up 1.5 %

Shares of ENS stock opened at $109.91 on Friday. The company’s fifty day simple moving average is $104.97 and its two-hundred day simple moving average is $97.40. EnerSys has a 52 week low of $83.27 and a 52 week high of $111.42. The stock has a market cap of $4.42 billion, a P/E ratio of 16.91, a PEG ratio of 0.69 and a beta of 1.28. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The business had revenue of $910.70 million during the quarter, compared to analyst estimates of $893.64 million. During the same period last year, the company earned $1.82 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Analysts predict that EnerSys will post 8.74 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.82%. EnerSys’s dividend payout ratio is 13.85%.

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.