Victory Capital Management Inc. Has $1.09 Million Stake in EnerSys (NYSE:ENS)

Victory Capital Management Inc. increased its position in shares of EnerSys (NYSE:ENSFree Report) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,514 shares of the industrial products company’s stock after purchasing an additional 1,686 shares during the period. Victory Capital Management Inc.’s holdings in EnerSys were worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its position in EnerSys by 0.7% in the second quarter. BlackRock Inc. now owns 4,876,506 shares of the industrial products company’s stock valued at $529,198,000 after acquiring an additional 35,545 shares during the period. Vanguard Group Inc. grew its position in EnerSys by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,944,608 shares of the industrial products company’s stock valued at $229,457,000 after acquiring an additional 37,493 shares during the period. State Street Corp grew its position in EnerSys by 3.3% in the first quarter. State Street Corp now owns 1,414,007 shares of the industrial products company’s stock valued at $122,849,000 after acquiring an additional 45,139 shares during the period. Dimensional Fund Advisors LP grew its position in EnerSys by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock valued at $104,691,000 after acquiring an additional 101,062 shares during the period. Finally, Geode Capital Management LLC grew its position in EnerSys by 3.6% in the second quarter. Geode Capital Management LLC now owns 809,910 shares of the industrial products company’s stock valued at $87,891,000 after acquiring an additional 28,155 shares during the period. 91.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on ENS shares. Oppenheimer cut EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday. William Blair lowered EnerSys from an “outperform” rating to a “market perform” rating in a research note on Monday, November 6th. Finally, StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st.

Check Out Our Latest Report on EnerSys

EnerSys Price Performance

EnerSys stock opened at $90.44 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67. The firm has a market cap of $3.66 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.76 and a beta of 1.36. The business’s fifty day moving average is $97.14 and its two-hundred day moving average is $95.69. EnerSys has a 52 week low of $78.81 and a 52 week high of $113.34.

EnerSys (NYSE:ENSGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $898.79 million. During the same quarter in the prior year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts forecast that EnerSys will post 8.48 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.225 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 1.00%. EnerSys’s dividend payout ratio is presently 13.62%.

EnerSys Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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