BlackRock Inc. trimmed its position in EnerSys (NYSE:ENS) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,413,641 shares of the industrial products company’s stock after selling 13,860 shares during the period. BlackRock Inc. owned about 0.11% of EnerSys worth $307,321,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation purchased a new position in EnerSys in the 3rd quarter valued at about $130,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in EnerSys by 45.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 769 shares in the last quarter. Victory Capital Management Inc. purchased a new position in EnerSys in the 3rd quarter valued at about $188,000. Brown Advisory Inc. purchased a new position in EnerSys in the 3rd quarter valued at about $208,000. Finally, Fox Run Management L.L.C. purchased a new position in EnerSys in the 4th quarter valued at about $244,000. Institutional investors own 94.70% of the company’s stock.
A number of research firms have issued reports on ENS. Sidoti lowered shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a report on Tuesday, January 23rd. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a report on Saturday. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. TheStreet lowered shares of EnerSys from a “b” rating to a “c+” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.00.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.11. The business had revenue of $658.90 million for the quarter, compared to analyst estimates of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The company’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. research analysts anticipate that EnerSys will post 4.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.95%. EnerSys’s payout ratio is currently 17.16%.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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