Boston Partners Raises Stake in EnerSys (ENS)

Boston Partners lifted its position in EnerSys (NYSE:ENS) by 4.7% during the 2nd quarter, Holdings Channel reports. The firm owned 3,875,719 shares of the industrial products company’s stock after acquiring an additional 174,837 shares during the quarter. Boston Partners owned 0.09% of EnerSys worth $289,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ENS. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of EnerSys by 85.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 286,500 shares of the industrial products company’s stock worth $19,875,000 after purchasing an additional 132,200 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of EnerSys by 18.6% in the first quarter. Wells Fargo & Company MN now owns 793,048 shares of the industrial products company’s stock worth $55,013,000 after purchasing an additional 124,118 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of EnerSys by 4,106.5% in the first quarter. Summit Trail Advisors LLC now owns 99,904 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 97,529 shares during the last quarter. Millennium Management LLC increased its holdings in shares of EnerSys by 244.6% in the first quarter. Millennium Management LLC now owns 99,580 shares of the industrial products company’s stock worth $6,908,000 after purchasing an additional 70,681 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in shares of EnerSys by 47.5% in the first quarter. Eaton Vance Management now owns 173,981 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 56,044 shares during the last quarter. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on ENS shares. Zacks Investment Research raised EnerSys from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Monday, May 21st. Sidoti raised EnerSys from a “neutral” rating to a “buy” rating in a report on Monday, May 7th. Finally, TheStreet raised EnerSys from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.33.



EnerSys opened at $76.79 on Friday, according to MarketBeat. The stock has a market capitalization of $3.41 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.53 and a beta of 1.53. EnerSys has a 12 month low of $61.33 and a 12 month high of $83.00. The company has a quick ratio of 2.29, a current ratio of 3.13 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. The company had revenue of $670.90 million during the quarter, compared to analyst estimates of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.63%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. analysts anticipate that EnerSys will post 5.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.91%. EnerSys’s dividend payout ratio is currently 15.05%.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

See Also: What are CEFs?

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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