New York State Common Retirement Fund Has $10.12 Million Stake in EnerSys (NYSE:ENS)

New York State Common Retirement Fund lowered its stake in shares of EnerSys (NYSE:ENS) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,490 shares of the industrial products company’s stock after selling 440 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of EnerSys worth $10,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ENS. State Street Corp raised its position in shares of EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after acquiring an additional 13,524 shares during the period. Geode Capital Management LLC increased its stake in EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after purchasing an additional 11,384 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in EnerSys by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock worth $60,657,000 after purchasing an additional 9,337 shares during the period. Fisher Asset Management LLC boosted its position in shares of EnerSys by 8.7% during the third quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock worth $43,400,000 after purchasing an additional 34,173 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of EnerSys by 25.9% in the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after buying an additional 49,392 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Stock Down 1.1 %

Shares of ENS stock opened at $101.02 on Tuesday. EnerSys has a 12-month low of $88.50 and a 12-month high of $112.53. 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 firm has a fifty day moving average of $96.09 and a 200-day moving average of $97.52. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.57 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) 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%. As a group, equities research analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys’s dividend payout ratio is presently 11.88%.

Analysts Set New Price Targets

ENS has been the topic of several research analyst reports. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys presently has a consensus rating of “Buy” and an average price target 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.