State of New Jersey Common Pension Fund D Buys 2,265 Shares of EnerSys (NYSE:ENS)

State of New Jersey Common Pension Fund D raised its stake in shares of EnerSys (NYSE:ENS) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,305 shares of the industrial products company’s stock after acquiring an additional 2,265 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of EnerSys worth $2,062,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENS. Lightrock Netherlands B.V. acquired a new stake in shares of EnerSys in the fourth quarter valued at $11,969,000. Erste Asset Management GmbH acquired a new stake in shares of EnerSys in the third quarter valued at $9,438,000. Barclays PLC increased its stake in shares of EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after buying an additional 85,742 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of EnerSys by 25.9% in the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after buying an additional 49,392 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in shares of EnerSys in the third quarter valued at $4,740,000. 94.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.61% of the company’s stock.

EnerSys Price Performance

Shares of ENS stock opened at $102.08 on Friday. The stock has a 50-day moving average price of $95.92 and a 200 day moving average price of $97.46. 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 firm has a market cap of $4.02 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.57 and a beta of 1.22. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Research analysts expect that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. EnerSys’s payout ratio is currently 11.88%.

EnerSys Company 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.