New South Capital Management Inc. Sells 18,745 Shares of EnerSys (NYSE:ENS)

New South Capital Management Inc. trimmed its position in EnerSys (NYSE:ENS) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 534,307 shares of the industrial products company’s stock after selling 18,745 shares during the quarter. EnerSys makes up 2.1% of New South Capital Management Inc.’s holdings, making the stock its 17th largest position. New South Capital Management Inc. owned about 1.34% of EnerSys worth $49,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of EnerSys in the 4th quarter valued at about $47,000. Millburn Ridgefield Corp bought a new position in EnerSys in the 3rd quarter valued at about $88,000. Proficio Capital Partners LLC bought a new position in EnerSys in the 4th quarter valued at about $105,000. Parkside Financial Bank & Trust raised its holdings in EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 678 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in EnerSys in the 3rd quarter valued at about $125,000. 94.93% of the stock is owned by institutional investors.

EnerSys Stock Up 2.0 %

Shares of ENS opened at $100.32 on Thursday. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53. The firm’s 50 day moving average is $97.11 and its 200-day moving average is $97.76. The stock has a market capitalization of $3.96 billion, a PE ratio of 12.42, a P/E/G ratio of 0.57 and a beta of 1.22. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

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

EnerSys Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on ENS shares. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer raised shares of 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 equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.