Dupont Capital Management Corp decreased its position in EnerSys (NYSE:ENS) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,087 shares of the industrial products company’s stock after selling 4,569 shares during the period. Dupont Capital Management Corp’s holdings in EnerSys were worth $1,481,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its holdings in EnerSys by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 54,648 shares of the industrial products company’s stock valued at $4,241,000 after acquiring an additional 212 shares during the last quarter. Strs Ohio boosted its holdings in EnerSys by 6.8% in the fourth quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System boosted its holdings in EnerSys by 1.1% in the fourth quarter. Arizona State Retirement System now owns 30,251 shares of the industrial products company’s stock valued at $2,348,000 after acquiring an additional 342 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in EnerSys by 13.8% in the third quarter. Riverhead Capital Management LLC now owns 4,952 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 600 shares during the last quarter. Finally, Stone Ridge Asset Management LLC boosted its holdings in EnerSys by 7.7% in the third quarter. Stone Ridge Asset Management LLC now owns 8,448 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.
NYSE:ENS opened at $74.68 on Monday. EnerSys has a 1-year low of $65.93 and a 1-year high of $89.83. The company has a current ratio of 2.91, a quick ratio of 2.00 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.52 and a beta of 1.39.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, March 14th. EnerSys’s payout ratio is 15.05%.
Several equities analysts have weighed in on ENS shares. ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Sidoti set a $106.00 target price on EnerSys and gave the company a “buy” rating in a research note on Tuesday, October 30th. Oppenheimer reissued a “buy” rating on shares of EnerSys in a research note on Tuesday, October 30th. Finally, William Blair raised EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 target price on the stock in a research note on Thursday, December 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. EnerSys presently has a consensus rating of “Buy” and a consensus target price of $93.55.
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EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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