Toroso Investments LLC increased its stake in EnerSys (NYSE:ENS – Get Rating) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,729 shares of the industrial products company's stock after purchasing an additional 1,991 shares during the quarter. Toroso Investments LLC owned approximately 0.05% of EnerSys worth $1,205,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC acquired a new stake in EnerSys in the 3rd quarter worth approximately $37,000. Ellevest Inc. increased its position in EnerSys by 102.0% in the 3rd quarter. Ellevest Inc. now owns 895 shares of the industrial products company's stock worth $52,000 after buying an additional 452 shares during the period. Quantbot Technologies LP bought a new position in EnerSys in the 1st quarter worth approximately $60,000. Covestor Ltd increased its position in EnerSys by 58.2% in the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company's stock worth $69,000 after buying an additional 342 shares during the period. Finally, Royal Bank of Canada increased its position in EnerSys by 23.5% in the 3rd quarter. Royal Bank of Canada now owns 2,546 shares of the industrial products company's stock worth $149,000 after buying an additional 484 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.
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EnerSys Stock Performance
Shares of NYSE:ENS opened at $79.43 on Friday. The business's fifty day moving average price is $85.16 and its two-hundred day moving average price is $73.94. EnerSys has a fifty-two week low of $55.60 and a fifty-two week high of $94.32. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.79 and a quick ratio of 1.54.
EnerSys (NYSE:ENS – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.03. The firm had revenue of $920.20 million for the quarter, compared to analysts' expectations of $926.36 million. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, analysts predict that EnerSys will post 4.89 EPS for the current fiscal year.
EnerSys Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 16th. EnerSys's dividend payout ratio is currently 20.96%.
Wall Street Analysts Forecast Growth
ENS has been the topic of a number of research reports. StockNews.com initiated coverage on EnerSys in a research report on Thursday. They set a "strong-buy" rating on the stock. TheStreet upgraded EnerSys from a "c+" rating to a "b-" rating in a research report on Tuesday, November 22nd.
EnerSys Company Profile
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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.
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