Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Holdings in EnerSys (NYSE:ENS)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in EnerSys (NYSE:ENS) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,219 shares of the industrial products company’s stock after selling 5,500 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.24% of EnerSys worth $8,616,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Headlands Technologies LLC raised its holdings in shares of EnerSys by 937.2% in the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 403 shares during the last quarter. R Squared Ltd bought a new stake in EnerSys in the 4th quarter worth about $47,000. Point72 Asset Management L.P. purchased a new stake in EnerSys in the 3rd quarter valued at about $125,000. Parkside Financial Bank & Trust lifted its position in shares of EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of EnerSys by 64.0% in the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after buying an additional 727 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

EnerSys Stock Down 2.8 %

ENS opened at $80.90 on Monday. The company’s 50-day moving average price is $97.50 and its two-hundred day moving average price is $97.27. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a twelve month low of $76.98 and a twelve month high of $112.53. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate 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 expect that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio is currently 11.88%.

Analyst Ratings Changes

Separately, Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $117.50.

About EnerSys

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.