Prudential Financial Inc. Has $10.71 Million Position in EnerSys (NYSE:ENS)

Prudential Financial Inc. cut its position in shares of EnerSys (NYSE:ENS) by 20.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,860 shares of the industrial products company’s stock after selling 30,616 shares during the quarter. Prudential Financial Inc. owned 0.29% of EnerSys worth $10,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENS. Hillsdale Investment Management Inc. boosted its position in EnerSys by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company’s stock worth $3,526,000 after acquiring an additional 100 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in EnerSys by 4.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in EnerSys by 2.6% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 169 shares in the last quarter. Aurora Investment Counsel increased its stake in EnerSys by 0.9% in the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company’s stock valued at $1,875,000 after buying an additional 173 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in EnerSys by 6.5% during the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock worth $307,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of ENS opened at $93.11 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The firm has a 50-day moving average of $98.64 and a 200-day moving average of $97.66. The company has a market cap of $3.67 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. EnerSys has a one year low of $88.50 and a one year high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, equities analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio is 11.88%.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, EnerSys has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) 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, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.