Raymond James & Associates Sells 344 Shares of EnerSys (NYSE:ENS)

Raymond James & Associates reduced its stake in shares of EnerSys (NYSE:ENS) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,259 shares of the industrial products company’s stock after selling 344 shares during the quarter. Raymond James & Associates’ holdings in EnerSys were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of EnerSys by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock valued at $411,385,000 after purchasing an additional 62,146 shares during the last quarter. Invesco Ltd. increased its position in EnerSys by 36.2% during the third quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company’s stock valued at $80,666,000 after acquiring an additional 226,630 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of EnerSys by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 805,421 shares of the industrial products company’s stock valued at $76,249,000 after acquiring an additional 14,253 shares during the period. Boston Partners lifted its holdings in shares of EnerSys by 104.2% in the 3rd quarter. Boston Partners now owns 704,695 shares of the industrial products company’s stock worth $66,280,000 after acquiring an additional 359,527 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of EnerSys by 128.4% during the 3rd quarter. AQR Capital Management LLC now owns 603,169 shares of the industrial products company’s stock worth $57,102,000 after purchasing an additional 339,141 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Price Performance

EnerSys stock opened at $91.00 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.53. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm has a 50-day moving average of $91.45 and a two-hundred day moving average of $92.80. EnerSys has a 1 year low of $79.90 and a 1 year high of $113.34.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $861.50 million during the quarter, compared to analyst estimates of $898.79 million. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. EnerSys’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. On average, research analysts forecast that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. EnerSys’s payout ratio is currently 13.62%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ENS shares. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th.

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.