Victory Capital Management Inc. Increases Position in EnerSys (NYSE:ENS)

Victory Capital Management Inc. grew its stake in EnerSys (NYSE:ENS) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,328 shares of the industrial products company’s stock after acquiring an additional 396 shares during the quarter. Victory Capital Management Inc.’s holdings in EnerSys were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in EnerSys during the 4th quarter worth $47,000. Millburn Ridgefield Corp acquired a new stake in EnerSys during the 3rd quarter worth about $88,000. Point72 Asset Management L.P. acquired a new stake in EnerSys during the 3rd quarter worth about $125,000. Parkside Financial Bank & Trust lifted its position in EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 678 shares during the period. Finally, KBC Group NV lifted its position in EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 727 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENS has been the subject of a number of research reports. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Stock Performance

Shares of ENS stock opened at $96.91 on Thursday. The stock has a market cap of $3.82 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business has a 50-day simple moving average of $98.20 and a 200-day simple moving average of $97.74. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. 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 data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, equities analysts expect that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is presently 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.