Hudson Edge Investment Partners Inc. Has $769,000 Stock Position in EnerSys (NYSE:ENS)

Hudson Edge Investment Partners Inc. grew its holdings in shares of EnerSys (NYSE:ENS) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,325 shares of the industrial products company’s stock after buying an additional 1,775 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in EnerSys were worth $769,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of EnerSys during the fourth quarter valued at approximately $47,000. Millburn Ridgefield Corp bought a new stake in shares of EnerSys during the 3rd quarter worth $88,000. Point72 Asset Management L.P. purchased a new position in shares of EnerSys in the 3rd quarter worth about $125,000. CWM LLC grew its position in EnerSys by 48.6% during the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after buying an additional 484 shares during the period. Finally, KBC Group NV grew its position in shares of EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 727 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Down 0.6 %

NYSE:ENS opened at $102.08 on Friday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.56 and a beta of 1.22. The company has a fifty day moving average of $95.92 and a 200 day moving average of $97.44. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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, research analysts predict that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, March 14th. EnerSys’s payout ratio is 11.88%.

Analyst Upgrades and Downgrades

ENS has been the topic of a number of research reports. Oppenheimer upgraded 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. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $117.50.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.61% of the stock is owned by corporate insiders.

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.