ClariVest Asset Management LLC acquired a new stake in shares of EnerSys (NYSE:ENS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 95,922 shares of the industrial products company’s stock, valued at approximately $7,446,000. ClariVest Asset Management LLC owned approximately 0.23% of EnerSys as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Retirement Systems of Alabama raised its position in EnerSys by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 54,648 shares of the industrial products company’s stock valued at $4,241,000 after acquiring an additional 212 shares in the last quarter. Strs Ohio raised its position in EnerSys by 6.8% during the fourth quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System raised its position in EnerSys by 1.1% during the fourth quarter. Arizona State Retirement System now owns 30,251 shares of the industrial products company’s stock valued at $2,348,000 after acquiring an additional 342 shares in the last quarter. Riverhead Capital Management LLC raised its position in EnerSys by 13.8% during the third quarter. Riverhead Capital Management LLC now owns 4,952 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 600 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its position in EnerSys by 7.7% during the third quarter. Stone Ridge Asset Management LLC now owns 8,448 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 607 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ENS stock opened at $70.55 on Tuesday. EnerSys has a 12 month low of $65.93 and a 12 month high of $89.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.52 and a beta of 1.39.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.70 annualized dividend and a yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
Several equities analysts recently weighed in on ENS shares. ValuEngine lowered shares of EnerSys from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Sidoti set a $106.00 price objective on shares of EnerSys and gave the company a “buy” rating in a research report on Tuesday, October 30th. William Blair raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price objective on the stock in a research report on Thursday, December 20th. Finally, Oppenheimer reiterated a “buy” rating on shares of EnerSys in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.55.
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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.
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