Royce & Associates LP Has $25.92 Million Position in EnerSys (ENS)

Royce & Associates LP lowered its position in EnerSys (NYSE:ENS) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,437 shares of the industrial products company’s stock after selling 93,859 shares during the quarter. Royce & Associates LP owned about 0.71% of EnerSys worth $25,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ENS. Principal Financial Group Inc. grew its holdings in shares of EnerSys by 0.4% in the first quarter. Principal Financial Group Inc. now owns 183,249 shares of the industrial products company’s stock valued at $12,712,000 after purchasing an additional 788 shares during the period. Bank of Montreal Can purchased a new stake in shares of EnerSys in the second quarter valued at about $355,000. Nisa Investment Advisors LLC purchased a new stake in shares of EnerSys in the second quarter valued at about $711,000. Aperio Group LLC grew its holdings in shares of EnerSys by 7.0% in the second quarter. Aperio Group LLC now owns 21,992 shares of the industrial products company’s stock valued at $1,641,000 after purchasing an additional 1,447 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of EnerSys by 19.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,330 shares of the industrial products company’s stock valued at $2,936,000 after purchasing an additional 6,270 shares during the period. 98.65% of the stock is owned by hedge funds and other institutional investors.

NYSE ENS opened at $87.37 on Friday. EnerSys has a 12 month low of $62.85 and a 12 month high of $89.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.53 and a current ratio of 3.40. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.70 and a beta of 1.41.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 7th. The industrial products company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. EnerSys had a net margin of 4.54% and a return on equity of 17.46%. The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $659.18 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. EnerSys’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts predict that EnerSys will post 5.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.175 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.80%. EnerSys’s payout ratio is currently 15.05%.

A number of brokerages recently issued reports on ENS. Zacks Investment Research lowered shares of EnerSys from a “hold” rating to a “sell” rating in a report on Monday, August 13th. ValuEngine raised shares of EnerSys from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Oppenheimer reaffirmed a “buy” rating on shares of EnerSys in a research report on Tuesday, October 30th. Sidoti upped their target price on shares of EnerSys from $93.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, Citigroup upped their target price on shares of EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, October 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.00.

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EnerSys Profile

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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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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