Goldman Sachs Group Inc. Has $17.04 Million Stake in EnerSys (NYSE:ENS)

Goldman Sachs Group Inc. grew its holdings in shares of EnerSys (NYSE:ENS) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,726 shares of the industrial products company’s stock after buying an additional 3,538 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.42% of EnerSys worth $17,035,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of EnerSys by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock worth $411,385,000 after purchasing an additional 62,146 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in EnerSys by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock valued at $75,817,000 after acquiring an additional 22,202 shares during the last quarter. AQR Capital Management LLC grew its position in shares of EnerSys by 128.4% in the 3rd quarter. AQR Capital Management LLC now owns 603,169 shares of the industrial products company’s stock valued at $57,102,000 after acquiring an additional 339,141 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of EnerSys by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 560,347 shares of the industrial products company’s stock worth $56,573,000 after purchasing an additional 6,758 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of EnerSys in the 4th quarter valued at about $46,747,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

EnerSys Trading Up 1.7 %

Shares of ENS stock opened at $103.64 on Friday. EnerSys has a 12-month low of $83.27 and a 12-month high of $113.34. The company has a market capitalization of $4.17 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. The firm has a 50 day moving average price of $100.31 and a two-hundred day moving average price of $96.52. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The company had revenue of $910.70 million for the quarter, compared to analyst estimates of $893.64 million. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, analysts predict that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.87%. EnerSys’s payout ratio is 13.85%.

About EnerSys

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.