PNC Financial Services Group Inc. Trims Position in EnerSys (NYSE:ENS)

PNC Financial Services Group Inc. trimmed its position in EnerSys (NYSE:ENS) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,088 shares of the industrial products company’s stock after selling 246 shares during the period. PNC Financial Services Group Inc.’s holdings in EnerSys were worth $285,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its holdings in shares of EnerSys by 22.6% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 33,548 shares of the industrial products company’s stock worth $3,101,000 after buying an additional 6,187 shares during the last quarter. Candriam S.C.A. boosted its stake in shares of EnerSys by 37.8% during the 4th quarter. Candriam S.C.A. now owns 26,930 shares of the industrial products company’s stock worth $2,489,000 after acquiring an additional 7,394 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of EnerSys during the 4th quarter valued at $561,000. Victory Capital Management Inc. increased its stake in shares of EnerSys by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,328 shares of the industrial products company’s stock worth $1,232,000 after purchasing an additional 396 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in EnerSys by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock worth $56,338,000 after purchasing an additional 15,133 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ENS has been the subject of several recent research reports. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

NYSE:ENS opened at $96.46 on Friday. The business’s 50-day simple moving average is $98.44 and its two-hundred day simple moving average is $97.71. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53. The stock has a market cap of $3.80 billion, a PE ratio of 11.94, a P/E/G ratio of 0.57 and a beta of 1.18. 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 (NYSE:ENS) last issued its earnings results 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%. As a group, analysts forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. EnerSys’s dividend payout ratio is 11.88%.

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.