EnerSys (NYSE:ENS) Shares Sold by American International Group Inc.

American International Group Inc. reduced its stake in shares of EnerSys (NYSE:ENS) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,763 shares of the industrial products company’s stock after selling 3,320 shares during the period. American International Group Inc. owned 0.18% of EnerSys worth $7,548,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ENS. Norges Bank purchased a new stake in shares of EnerSys during the 4th quarter valued at approximately $46,747,000. AQR Capital Management LLC grew its stake in shares of EnerSys by 128.4% during the third quarter. AQR Capital Management LLC now owns 603,169 shares of the industrial products company’s stock worth $57,102,000 after purchasing an additional 339,141 shares in the last quarter. Invesco Ltd. grew its stake in shares of EnerSys by 36.2% during the third quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company’s stock worth $80,666,000 after purchasing an additional 226,630 shares in the last quarter. FMR LLC grew its stake in shares of EnerSys by 321.8% during the third quarter. FMR LLC now owns 273,504 shares of the industrial products company’s stock worth $25,893,000 after purchasing an additional 208,669 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of EnerSys by 111.3% during the third quarter. Envestnet Asset Management Inc. now owns 211,290 shares of the industrial products company’s stock worth $20,003,000 after purchasing an additional 111,288 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

NYSE ENS opened at $105.19 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50. EnerSys has a 1 year low of $83.27 and a 1 year high of $113.34. The company has a market capitalization of $4.22 billion, a PE ratio of 16.18, a P/E/G ratio of 0.66 and a beta of 1.33. The company has a fifty day moving average of $98.68 and a two-hundred day moving average of $96.01.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company had revenue of $910.70 million during the quarter, compared to the consensus estimate of $893.64 million. During the same quarter in the prior year, the firm posted $1.82 earnings per share. EnerSys’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts expect that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 annualized dividend and a yield of 0.86%. EnerSys’s dividend payout ratio is presently 13.85%.

Analyst Ratings Changes

A number of equities analysts recently commented on ENS shares. BTIG Research downgraded shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.50.

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.