Skylands Capital LLC Grows Holdings in EnerSys (NYSE:ENS)

Skylands Capital LLC increased its stake in shares of EnerSys (NYSE:ENS) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 84,505 shares of the industrial products company’s stock after buying an additional 3,125 shares during the period. EnerSys accounts for approximately 1.3% of Skylands Capital LLC’s portfolio, making the stock its 21st largest holding. Skylands Capital LLC’s holdings in EnerSys were worth $8,532,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in EnerSys by 5.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,604 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 127 shares during the period. UMB Bank n.a. lifted its stake in EnerSys by 36.0% in the third quarter. UMB Bank n.a. now owns 620 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 164 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EnerSys by 1.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,431 shares of the industrial products company’s stock valued at $952,000 after purchasing an additional 167 shares in the last quarter. Arizona State Retirement System grew its stake in shares of EnerSys by 1.6% during the third quarter. Arizona State Retirement System now owns 11,662 shares of the industrial products company’s stock worth $1,104,000 after purchasing an additional 188 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of EnerSys by 189.6% during the 3rd quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ENS shares. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. Oppenheimer lowered EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th.

EnerSys Price Performance

Shares of ENS stock traded up $0.37 during mid-day trading on Monday, reaching $91.65. The stock had a trading volume of 148,401 shares, compared to its average volume of 223,244. The company has a current ratio of 2.67, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.70 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The business has a 50-day simple moving average of $91.44 and a 200 day simple moving average of $92.74. EnerSys has a 12-month low of $79.90 and a 12-month high of $113.34.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The firm had revenue of $861.50 million for the quarter, compared to analyst estimates of $898.79 million. During the same quarter last year, the firm posted $1.27 earnings per share. EnerSys’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that EnerSys will post 8.3 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 14th. EnerSys’s dividend payout ratio (DPR) is presently 13.62%.

About EnerSys

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.