Heritage Wealth Management LLC Has $97,000 Position in EnerSys (NYSE:ENS)

Heritage Wealth Management LLC boosted its holdings in shares of EnerSys (NYSE:ENS) by 46.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,297 shares of the industrial products company’s stock after purchasing an additional 412 shares during the period. Heritage Wealth Management LLC’s holdings in EnerSys were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Macquarie Group Ltd. grew its stake in shares of EnerSys by 45,519.4% in the 2nd quarter. Macquarie Group Ltd. now owns 605,826 shares of the industrial products company’s stock valued at $59,208,000 after buying an additional 604,498 shares during the period. Man Group plc raised its holdings in shares of EnerSys by 7,509.4% in the 2nd quarter. Man Group plc now owns 204,085 shares of the industrial products company’s stock worth $19,945,000 after purchasing an additional 201,403 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of EnerSys by 134.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 292,765 shares of the industrial products company’s stock worth $28,612,000 after purchasing an additional 168,015 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of EnerSys by 72.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 339,114 shares of the industrial products company’s stock worth $33,142,000 after purchasing an additional 142,239 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in EnerSys by 34.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 499,468 shares of the industrial products company’s stock valued at $48,813,000 after buying an additional 128,318 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Shares of NYSE ENS opened at $80.35 on Friday. EnerSys has a 1 year low of $72.13 and a 1 year high of $104.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.92 and a quick ratio of 1.86. The company’s 50-day moving average is $78.30 and its 200 day moving average is $84.26. The stock has a market capitalization of $3.37 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.80 and a beta of 1.42.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 10th. The industrial products company reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.05). EnerSys had a return on equity of 13.47% and a net margin of 4.79%. The business had revenue of $791.40 million during the quarter, compared to analysts’ expectations of $800.50 million. During the same quarter last year, the company posted $1.00 EPS. Research analysts anticipate that EnerSys will post 4.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Friday, December 17th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, December 16th. This represents a $0.70 dividend on an annualized basis and a yield of 0.87%. EnerSys’s dividend payout ratio (DPR) is 20.00%.

In other EnerSys news, insider Shawn M. O’connell sold 2,535 shares of the stock in a transaction that occurred on Tuesday, December 7th. The shares were sold at an average price of $78.95, for a total value of $200,138.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of EnerSys from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, November 12th. TheStreet lowered shares of EnerSys from a “b-” rating to a “c+” rating in a research report on Tuesday, September 21st. Finally, Zacks Investment Research upgraded shares of EnerSys from a “strong sell” rating to a “hold” rating and set a $82.00 target price for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, EnerSys has an average rating of “Buy” and a consensus price target of $99.00.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications. The company operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions.

Recommended Story: Is it better to buy a fund with a higher or lower NAV?

Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

Receive News & Ratings for EnerSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerSys and related companies with MarketBeat.com's FREE daily email newsletter.