Wealthfront Advisers LLC Makes New $11.71 Million Investment in EnerSys (NYSE:ENS)

Wealthfront Advisers LLC purchased a new stake in EnerSys (NYSE:ENS) during the 4th quarter, Holdings Channel reports. The firm purchased 126,721 shares of the industrial products company’s stock, valued at approximately $11,713,000.

Other large investors have also modified their holdings of the company. Uncommon Cents Investing LLC raised its stake in EnerSys by 4.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares during the period. Carolina Wealth Advisors LLC raised its stake in EnerSys by 2.6% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock worth $614,000 after purchasing an additional 169 shares during the period. Aurora Investment Counsel raised its stake in EnerSys by 0.9% during the third quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock worth $2,053,000 after purchasing an additional 180 shares during the period. Quantinno Capital Management LP raised its stake in EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 183 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of EnerSys by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock valued at $1,320,000 after acquiring an additional 185 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities 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 research note on Friday, January 17th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $117.50.

EnerSys Trading Down 1.3 %

EnerSys stock opened at $98.45 on Wednesday. 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 50-day moving average price of $97.83 and a two-hundred day moving average price of $97.88. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.57 and a beta of 1.18. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly 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 net margin of 9.23% and a return on equity of 20.78%. Sell-side analysts expect that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.98%. EnerSys’s dividend payout ratio is currently 11.88%.

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.