EnerSys (NYSE:ENS) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of EnerSys (NYSE:ENS) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 946,260 shares of the industrial products company’s stock after purchasing an additional 11,384 shares during the period. Geode Capital Management LLC’s holdings in EnerSys were worth $96,584,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of EnerSys by 87.2% during the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after buying an additional 85,742 shares in the last quarter. XTX Topco Ltd boosted its position in EnerSys by 22.4% during the 3rd quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 702 shares during the period. Kovitz Investment Group Partners LLC grew its stake in EnerSys by 10.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 104,515 shares of the industrial products company’s stock valued at $10,662,000 after acquiring an additional 9,609 shares in the last quarter. Wolverine Trading LLC acquired a new position in shares of EnerSys in the 3rd quarter valued at about $202,000. Finally, State Street Corp lifted its position in shares of EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock worth $150,502,000 after purchasing an additional 13,524 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ENS shares. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, EnerSys currently has an average rating of “Buy” and a consensus target price of $118.00.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

ENS stock opened at $94.16 on Thursday. The firm has a 50 day moving average of $97.70 and a two-hundred day moving average of $100.34. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 0.60 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. During the same period in the prior year, the company posted $1.84 earnings per share. EnerSys’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s payout ratio is 13.60%.

EnerSys Company 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.