Candriam S.C.A. Purchases 7,394 Shares of EnerSys (NYSE:ENS)

Candriam S.C.A. lifted its position in EnerSys (NYSE:ENS) by 37.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,930 shares of the industrial products company’s stock after purchasing an additional 7,394 shares during the period. Candriam S.C.A. owned about 0.07% of EnerSys worth $2,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ENS. Lightrock Netherlands B.V. bought a new position in shares of EnerSys in the fourth quarter worth approximately $11,969,000. Proficio Capital Partners LLC purchased a new stake in EnerSys in the fourth quarter worth $105,000. Erste Asset Management GmbH purchased a new stake in EnerSys in the third quarter worth $9,438,000. Barclays PLC lifted its stake in EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after acquiring an additional 85,742 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in EnerSys by 25.9% in the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock worth $22,161,000 after acquiring an additional 49,392 shares during the period. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of EnerSys stock opened at $101.27 on Monday. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.99 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.57 and a beta of 1.18. The business has a fifty day simple moving average of $97.57 and a two-hundred day simple moving average of $97.86. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, March 14th. EnerSys’s dividend payout ratio is presently 11.88%.

Analysts Set New Price Targets

ENS has been the subject of a number of research analyst reports. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note 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 research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EnerSys currently has an average rating of “Buy” and a consensus target price of $117.50.

About EnerSys

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.