Fisher Asset Management LLC Has $43.40 Million Stock Position in EnerSys (NYSE:ENS)

Fisher Asset Management LLC raised its stake in EnerSys (NYSE:ENS) by 8.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 425,285 shares of the industrial products company’s stock after acquiring an additional 34,173 shares during the period. Fisher Asset Management LLC’s holdings in EnerSys were worth $43,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd lifted its position in EnerSys by 47.3% in the 1st quarter. Quadrature Capital Ltd now owns 6,072 shares of the industrial products company’s stock valued at $574,000 after acquiring an additional 1,949 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of EnerSys by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after purchasing an additional 5,682 shares during the period. Comerica Bank lifted its holdings in shares of EnerSys by 12.1% in the first quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock valued at $5,367,000 after purchasing an additional 6,133 shares in the last quarter. Aurora Investment Counsel boosted its position in shares of EnerSys by 7.3% during the first quarter. Aurora Investment Counsel now owns 19,797 shares of the industrial products company’s stock worth $1,870,000 after buying an additional 1,339 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after buying an additional 45,881 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Stock Down 2.1 %

ENS stock opened at $96.89 on Wednesday. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.61 and a beta of 1.24. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average price of $99.57 and a two-hundred day moving average price of $101.12.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share. Analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is currently 13.60%.

Analyst Upgrades and Downgrades

ENS has been the topic of several research reports. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Buying and Selling

In other news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. This trade represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at $22,672,123.20. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by corporate insiders.

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.