Retirement Systems of Alabama Has $5.11 Million Holdings in EnerSys (NYSE:ENS)

Retirement Systems of Alabama lessened its position in shares of EnerSys (NYSE:ENS) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,598 shares of the industrial products company’s stock after selling 645 shares during the period. Retirement Systems of Alabama owned 0.13% of EnerSys worth $5,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of EnerSys in the 3rd quarter valued at about $25,000. Huntington National Bank grew its position in shares of EnerSys by 189.6% during the 3rd quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after buying an additional 237 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of EnerSys by 1,386.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 416 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of EnerSys during the 3rd quarter valued at $49,000. Finally, Arlington Trust Co LLC acquired a new stake in EnerSys in the fourth quarter worth $157,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Oppenheimer downgraded EnerSys from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th.

EnerSys Trading Up 1.0 %

ENS opened at $93.28 on Monday. EnerSys has a fifty-two week low of $79.90 and a fifty-two week high of $113.34. The firm has a market capitalization of $3.77 billion, a PE ratio of 14.11, a P/E/G ratio of 0.79 and a beta of 1.35. 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 company’s 50-day moving average is $91.55 and its 200 day moving average is $92.68.

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

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 14th. EnerSys’s dividend payout ratio is presently 13.62%.

EnerSys Profile

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.