Corient Private Wealth LLC Boosts Stock Position in EnerSys (NYSE:ENS)

Corient Private Wealth LLC raised its holdings in shares of EnerSys (NYSE:ENS) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,368 shares of the industrial products company’s stock after purchasing an additional 18,043 shares during the period. Corient Private Wealth LLC’s holdings in EnerSys were worth $15,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in EnerSys in the 3rd quarter worth $25,000. Huntington National Bank grew its position in EnerSys by 189.6% in the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of EnerSys by 1,386.7% during the third quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after buying an additional 416 shares during the period. Principal Securities Inc. bought a new stake in shares of EnerSys during the fourth quarter valued at approximately $52,000. Finally, Arlington Trust Co LLC bought a new stake in shares of EnerSys during the fourth quarter valued at approximately $157,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday. Oppenheimer lowered shares of EnerSys from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Finally, BTIG Research downgraded shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.00.

EnerSys Stock Performance

Shares of NYSE:ENS traded down $0.77 on Friday, reaching $107.18. The company’s stock had a trading volume of 543,566 shares, compared to its average volume of 242,819. EnerSys has a 52-week low of $83.27 and a 52-week high of $113.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.53. The stock’s 50-day moving average is $93.49 and its two-hundred day moving average is $93.73. The stock has a market capitalization of $4.30 billion, a P/E ratio of 16.49, a PEG ratio of 0.91 and a beta of 1.35.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The business had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that EnerSys will post 8.47 EPS for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.225 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.84%. EnerSys’s payout ratio is currently 13.85%.

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.