Grantham Mayo Van Otterloo & Co. LLC Trims Holdings in EnerSys (NYSE:ENS)

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of EnerSys (NYSE:ENS) by 5.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 93,219 shares of the industrial products company’s stock after selling 5,500 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in EnerSys were worth $8,616,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of EnerSys by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock worth $56,338,000 after purchasing an additional 15,133 shares during the period. Sanctuary Advisors LLC increased its stake in EnerSys by 24.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 818 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of EnerSys by 12.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company’s stock valued at $1,618,000 after acquiring an additional 1,876 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of EnerSys during the 4th quarter valued at about $389,000. Finally, Tributary Capital Management LLC grew its holdings in shares of EnerSys by 25.9% during the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock worth $22,161,000 after purchasing an additional 49,392 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

EnerSys Trading Down 2.8 %

NYSE ENS opened at $80.90 on Monday. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $97.50 and its two-hundred day simple moving average is $97.27. EnerSys has a twelve month low of $76.98 and a twelve month high of $112.53. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Research analysts forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. EnerSys’s dividend payout ratio (DPR) is 11.88%.

Wall Street Analyst Weigh In

Separately, 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 research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $117.50.

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.