Norges Bank Invests $49.22 Million in EnerSys (NYSE:ENS)

Norges Bank acquired a new stake in EnerSys (NYSE:ENS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 532,538 shares of the industrial products company’s stock, valued at approximately $49,222,000. Norges Bank owned about 1.35% of EnerSys as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC grew its holdings in shares of EnerSys by 41.6% in the third quarter. FMR LLC now owns 137,003 shares of the industrial products company’s stock worth $13,981,000 after purchasing an additional 40,220 shares during the last quarter. Captrust Financial Advisors increased its position in shares of EnerSys by 6.0% during the third quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 227 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of EnerSys during the third quarter worth approximately $125,000. Quantinno Capital Management LP raised its stake in shares of EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 183 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of EnerSys by 7.1% in the third quarter. Stifel Financial Corp now owns 9,563 shares of the industrial products company’s stock valued at $976,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of NYSE:ENS opened at $80.90 on Friday. The firm has a 50 day moving average of $97.50 and a 200 day moving average of $97.32. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. EnerSys has a 52 week low of $76.98 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, sell-side analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, March 14th. EnerSys’s dividend payout ratio is currently 11.88%.

Analyst Ratings Changes

ENS has been the subject of a number of research analyst reports. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, EnerSys presently has an average rating of “Buy” and an average target price of $117.50.

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.