Jupiter Asset Management Ltd. Invests $1.27 Million in EnerSys (NYSE:ENS)

Jupiter Asset Management Ltd. acquired a new position in shares of EnerSys (NYSE:ENSFree Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,359 shares of the industrial products company’s stock, valued at approximately $1,265,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in EnerSys during the 2nd quarter worth $28,000. NBC Securities Inc. purchased a new stake in EnerSys during the 3rd quarter worth $25,000. Quarry LP boosted its position in EnerSys by 625.6% during the 2nd quarter. Quarry LP now owns 312 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 269 shares during the period. Huntington National Bank boosted its position in EnerSys by 189.6% during the 3rd quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 237 shares during the period. Finally, West Tower Group LLC purchased a new stake in EnerSys during the 2nd quarter worth $55,000. 91.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of research reports. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Oppenheimer cut shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, William Blair cut shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Monday, November 6th.

Check Out Our Latest Report on EnerSys

EnerSys Stock Performance

NYSE:ENS opened at $89.94 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.52. The firm has a 50-day moving average of $97.16 and a two-hundred day moving average of $95.88. The stock has a market cap of $3.64 billion, a P/E ratio of 13.61, a PEG ratio of 0.75 and a beta of 1.36. EnerSys has a 1-year low of $78.81 and a 1-year high of $113.34.

EnerSys (NYSE:ENSGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $898.79 million. During the same quarter last year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, research analysts expect that EnerSys will post 8.48 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 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 1.00%. EnerSys’s payout ratio is 13.62%.

EnerSys Profile

(Free Report)

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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