Tributary Capital Management LLC Increases Stock Holdings in EnerSys (NYSE:ENS)

Tributary Capital Management LLC grew its position in EnerSys (NYSE:ENS) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,222 shares of the industrial products company’s stock after buying an additional 135 shares during the quarter. EnerSys accounts for approximately 1.6% of Tributary Capital Management LLC’s holdings, making the stock its 26th biggest holding. Tributary Capital Management LLC owned 0.48% of EnerSys worth $19,795,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after buying an additional 60,021 shares in the last quarter. Janus Henderson Group PLC increased its position in EnerSys by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after purchasing an additional 14,531 shares in the last quarter. Principal Financial Group Inc. increased its position in EnerSys by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after purchasing an additional 32,730 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EnerSys by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 560,347 shares of the industrial products company’s stock worth $56,573,000 after purchasing an additional 6,758 shares in the last quarter. Finally, Norges Bank purchased a new stake in EnerSys during the 4th quarter worth about $46,747,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 2.1 %

NYSE:ENS traded up $2.07 during mid-day trading on Friday, reaching $98.64. The company’s stock had a trading volume of 211,935 shares, compared to its average volume of 247,653. The company’s fifty day simple moving average is $102.25 and its two-hundred day simple moving average is $97.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The stock has a market cap of $3.97 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.67 and a beta of 1.28.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. During the same period last year, the company earned $1.89 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts predict that EnerSys will post 8.74 EPS for the current year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Thursday. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th.

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.