Victory Capital Management Inc. Raises Stock Holdings in EnerSys (NYSE:ENS)

Victory Capital Management Inc. boosted its holdings in shares of EnerSys (NYSE:ENS) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,328 shares of the industrial products company’s stock after purchasing an additional 396 shares during the quarter. Victory Capital Management Inc.’s holdings in EnerSys were worth $1,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of EnerSys by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock valued at $56,338,000 after acquiring an additional 15,133 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 678 shares during the last quarter. Versor Investments LP acquired a new position in shares of EnerSys during the fourth quarter valued at approximately $227,000. Proficio Capital Partners LLC acquired a new position in shares of EnerSys during the fourth quarter valued at approximately $105,000. Finally, Hudson Edge Investment Partners Inc. raised its holdings in shares of EnerSys by 27.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 8,325 shares of the industrial products company’s stock valued at $769,000 after acquiring an additional 1,775 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ENS. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EnerSys has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

NYSE:ENS opened at $96.91 on Thursday. EnerSys has a one year low of $88.50 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The stock has a market cap of $3.82 billion, a PE ratio of 11.99, a P/E/G ratio of 0.57 and a beta of 1.18. The stock has a 50 day moving average price of $98.20 and a 200 day moving average price of $97.74.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Equities research analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid 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 yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is 11.88%.

EnerSys 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.