128,850 Shares in EnerSys (NYSE:ENS) Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new stake in shares of EnerSys (NYSE:ENS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 128,850 shares of the industrial products company’s stock, valued at approximately $11,969,000. EnerSys makes up approximately 4.2% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 5th biggest position. Lightrock Netherlands B.V. owned about 0.32% of EnerSys as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Trust Point Inc. grew its stake in shares of EnerSys by 10.3% in the 4th quarter. Trust Point Inc. now owns 7,526 shares of the industrial products company’s stock worth $696,000 after purchasing an additional 702 shares during the last quarter. R Squared Ltd acquired a new position in EnerSys in the fourth quarter worth approximately $47,000. KBC Group NV increased its holdings in shares of EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock valued at $172,000 after buying an additional 727 shares in the last quarter. Tributary Capital Management LLC lifted its position in shares of EnerSys by 25.9% during the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after acquiring an additional 49,392 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of EnerSys by 7.0% during the 4th quarter. Inspire Investing LLC now owns 4,333 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 283 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ENS shares. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Friday, January 17th. One 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys Trading Up 1.1 %

Shares of NYSE ENS opened at $100.80 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 1.87 and a debt-to-equity ratio of 0.69. EnerSys has a one year low of $86.41 and a one year high of $112.53. The business has a 50-day moving average price of $94.88 and a two-hundred day moving average price of $97.63. The firm has a market capitalization of $3.97 billion, a PE ratio of 12.47, a PEG ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, analysts predict that EnerSys will post 9.78 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys’s payout ratio is 11.88%.

EnerSys 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.