Charles Schwab Investment Management Inc. Acquires 15,133 Shares of EnerSys (NYSE:ENS)

Charles Schwab Investment Management Inc. grew its holdings in EnerSys (NYSE:ENS) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 609,520 shares of the industrial products company’s stock after acquiring an additional 15,133 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.53% of EnerSys worth $56,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its position in shares of EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after acquiring an additional 13,524 shares during the period. Geode Capital Management LLC boosted its position in shares of EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after acquiring an additional 11,384 shares during the period. Fisher Asset Management LLC boosted its position in shares of EnerSys by 8.7% in the third quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock valued at $43,400,000 after acquiring an additional 34,173 shares during the period. Tributary Capital Management LLC boosted its position in shares of EnerSys by 25.9% in the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after acquiring an additional 49,392 shares during the period. Finally, Barclays PLC boosted its position in shares of EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after acquiring an additional 85,742 shares during the period. 94.93% of the stock is owned by 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 Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Price Performance

Shares of ENS stock opened at $93.88 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The stock’s fifty day simple moving average is $97.90 and its 200 day simple moving average is $97.86. EnerSys has a one year low of $88.50 and a one year high of $112.53. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. EnerSys’s payout ratio is 11.88%.

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.