GYL Financial Synergies LLC purchased a new stake in EnerSys (NYSE:ENS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 25,257 shares of the industrial products company’s stock, valued at approximately $1,646,000.

Several other institutional investors and hedge funds have also modified their holdings of ENS. Norges Bank bought a new position in shares of EnerSys in the 4th quarter valued at $50,092,000. Principal Financial Group Inc. increased its stake in shares of EnerSys by 178.7% in the 1st quarter. Principal Financial Group Inc. now owns 570,806 shares of the industrial products company’s stock valued at $37,193,000 after purchasing an additional 365,977 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of EnerSys by 246.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 457,508 shares of the industrial products company’s stock valued at $35,507,000 after purchasing an additional 325,276 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of EnerSys in the 1st quarter valued at $18,496,000. Finally, Copper Rock Capital Partners LLC bought a new position in shares of EnerSys in the 1st quarter valued at $13,098,000. Institutional investors own 95.76% of the company’s stock.

Shares of NYSE ENS traded up $0.25 during mid-day trading on Wednesday, hitting $63.26. 3,442 shares of the stock traded hands, compared to its average volume of 361,361. The company has a quick ratio of 1.68, a current ratio of 2.51 and a debt-to-equity ratio of 0.76. EnerSys has a twelve month low of $55.51 and a twelve month high of $89.83. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Thursday, May 16th. The industrial products company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.01. EnerSys had a return on equity of 17.04% and a net margin of 5.71%. The company had revenue of $796.60 million for the quarter, compared to the consensus estimate of $816.10 million. On average, research analysts anticipate that EnerSys will post 5.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, June 13th. EnerSys’s dividend payout ratio (DPR) is 14.20%.

Several brokerages have recently issued reports on ENS. TheStreet lowered EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Oppenheimer decreased their price target on EnerSys from $94.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Sidoti set a $101.00 price target on EnerSys and gave the company a “buy” rating in a research note on Friday, May 17th. ValuEngine lowered EnerSys from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research upgraded EnerSys from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. EnerSys presently has an average rating of “Buy” and a consensus price target of $90.95.

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EnerSys Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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