KLP Kapitalforvaltning AS Invests $767,000 in EnerSys (NYSE:ENS)

KLP Kapitalforvaltning AS acquired a new stake in shares of EnerSys (NYSE:ENS) in the fourth quarter, Holdings Channel reports. The fund acquired 8,300 shares of the industrial products company’s stock, valued at approximately $767,000.

A number of other institutional investors have also recently added to or reduced their stakes in ENS. Hillsdale Investment Management Inc. boosted its holdings in shares of EnerSys by 0.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company’s stock valued at $3,526,000 after acquiring an additional 100 shares during the period. Uncommon Cents Investing LLC grew its position in EnerSys by 4.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares during the last quarter. Carolina Wealth Advisors LLC increased its stake in shares of EnerSys by 2.6% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 169 shares during the period. Aurora Investment Counsel raised its holdings in shares of EnerSys by 0.9% during the fourth quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company’s stock valued at $1,875,000 after buying an additional 173 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock worth $307,000 after buying an additional 183 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Stock Performance

Shares of NYSE ENS opened at $91.63 on Tuesday. EnerSys has a 1 year low of $88.50 and a 1 year high of $112.53. The firm has a market cap of $3.61 billion, a P/E ratio of 11.34, a PEG ratio of 0.57 and a beta of 1.18. The stock has a fifty day moving average price of $98.50 and a two-hundred day moving average price of $97.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (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 forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, March 14th. EnerSys’s dividend payout ratio is presently 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.