Prudential Financial Inc. Sells 30,616 Shares of EnerSys (NYSE:ENS)

Prudential Financial Inc. decreased its position in EnerSys (NYSE:ENS) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,860 shares of the industrial products company’s stock after selling 30,616 shares during the quarter. Prudential Financial Inc.’s holdings in EnerSys were worth $10,709,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ENS. Charles Schwab Investment Management Inc. grew its holdings in EnerSys by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after buying an additional 9,337 shares in the last quarter. Citigroup Inc. grew its stake in shares of EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after acquiring an additional 24,123 shares in the last quarter. FMR LLC increased its position in EnerSys by 41.6% during the third quarter. FMR LLC now owns 137,003 shares of the industrial products company’s stock worth $13,981,000 after acquiring an additional 40,220 shares during the period. BNP Paribas Financial Markets raised its stake in EnerSys by 38.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,519 shares of the industrial products company’s stock worth $4,441,000 after purchasing an additional 12,145 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in EnerSys by 9.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 46,318 shares of the industrial products company’s stock valued at $4,727,000 after purchasing an additional 3,835 shares during the period. Institutional investors own 94.93% of the company’s stock.

EnerSys Price Performance

ENS stock opened at $93.11 on Friday. The company’s 50-day moving average price is $98.64 and its two-hundred day moving average price is $97.66. The firm has a market cap of $3.67 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.57 and a beta of 1.18. 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 12 month low of $88.50 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.03%. EnerSys’s dividend payout ratio is currently 11.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report 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 equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $117.50.

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.