Lord Abbett & CO. LLC grew its stake in shares of EnerSys (NYSE:ENS) by 246.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 457,508 shares of the industrial products company’s stock after buying an additional 325,276 shares during the quarter. Lord Abbett & CO. LLC owned 1.06% of EnerSys worth $35,507,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in ENS. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of EnerSys during the third quarter valued at about $60,635,000. BlackRock Inc. grew its stake in shares of EnerSys by 3.3% during the fourth quarter. BlackRock Inc. now owns 4,855,209 shares of the industrial products company’s stock valued at $376,814,000 after buying an additional 154,221 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of EnerSys by 10.7% during the third quarter. Alliancebernstein L.P. now owns 1,480,343 shares of the industrial products company’s stock valued at $128,982,000 after buying an additional 143,345 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of EnerSys by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock valued at $30,186,000 after buying an additional 125,570 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of EnerSys by 42.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 336,331 shares of the industrial products company’s stock valued at $26,103,000 after buying an additional 100,464 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.
EnerSys stock opened at $67.41 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.91 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.96 billion, a PE ratio of 14.50, a PEG ratio of 1.40 and a beta of 1.33. EnerSys has a 1-year low of $65.93 and a 1-year high of $89.83.
EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.07). The firm had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.80 million. EnerSys had a return on equity of 16.55% and a net margin of 7.26%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Sell-side analysts predict that EnerSys will post 4.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. EnerSys’s dividend payout ratio is currently 15.05%.
A number of research analysts have recently issued reports on ENS shares. ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. William Blair raised EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price objective on the stock in a research note on Thursday, December 20th. Finally, Zacks Investment Research cut EnerSys from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. EnerSys currently has a consensus rating of “Buy” and an average price target of $93.55.
In other news, insider Todd M. Sechrist sold 24,039 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total transaction of $1,696,672.62. Following the completion of the sale, the insider now directly owns 41,244 shares in the company, valued at $2,911,001.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
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EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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