Fisher Asset Management LLC Has $32.69 Million Holdings in EnerSys (NYSE:ENS)

Fisher Asset Management LLC trimmed its stake in shares of EnerSys (NYSE:ENS) by 23.5% during the fourth quarter, HoldingsChannel reports. The fund owned 323,806 shares of the industrial products company’s stock after selling 99,207 shares during the period. Fisher Asset Management LLC’s holdings in EnerSys were worth $32,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENS. Boston Partners lifted its holdings in shares of EnerSys by 104.2% in the third quarter. Boston Partners now owns 704,695 shares of the industrial products company’s stock valued at $66,280,000 after purchasing an additional 359,527 shares in the last quarter. AQR Capital Management LLC lifted its stake in EnerSys by 128.4% in the 3rd quarter. AQR Capital Management LLC now owns 603,169 shares of the industrial products company’s stock valued at $57,102,000 after acquiring an additional 339,141 shares in the last quarter. Invesco Ltd. lifted its stake in EnerSys by 36.2% in the 3rd quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company’s stock valued at $80,666,000 after acquiring an additional 226,630 shares in the last quarter. FMR LLC boosted its position in EnerSys by 321.8% during the 3rd quarter. FMR LLC now owns 273,504 shares of the industrial products company’s stock worth $25,893,000 after acquiring an additional 208,669 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in EnerSys by 111.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 211,290 shares of the industrial products company’s stock worth $20,003,000 after acquiring an additional 111,288 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENS. Oppenheimer lowered shares of EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th.

EnerSys Stock Performance

Shares of NYSE ENS opened at $93.28 on Friday. The stock has a market capitalization of $3.77 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. EnerSys has a 52 week low of $79.90 and a 52 week high of $113.34. The stock has a 50 day moving average price of $91.55 and a 200 day moving average price of $92.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. The business had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $898.79 million. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share. Analysts predict that EnerSys will post 8.3 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.96%. EnerSys’s dividend payout ratio is presently 13.62%.

EnerSys Company Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.