Skylands Capital LLC Has $7.21 Million Stock Position in EnerSys (NYSE:ENS)

Skylands Capital LLC cut its holdings in shares of EnerSys (NYSE:ENS) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,980 shares of the industrial products company’s stock after selling 3,800 shares during the quarter. EnerSys comprises 1.0% of Skylands Capital LLC’s portfolio, making the stock its 28th biggest holding. Skylands Capital LLC owned 0.20% of EnerSys worth $7,208,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ENS. Lightrock Netherlands B.V. bought a new stake in shares of EnerSys during the 4th quarter valued at $11,969,000. Erste Asset Management GmbH acquired a new stake in shares of EnerSys in the third quarter valued at about $9,438,000. Barclays PLC increased its stake in shares of EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after buying an additional 85,742 shares during the period. Tributary Capital Management LLC grew its stake in EnerSys by 25.9% during the fourth quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock worth $22,161,000 after purchasing an additional 49,392 shares during the period. Finally, Foundry Partners LLC acquired a new stake in EnerSys during the third quarter worth approximately $4,740,000. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Trading Down 0.6 %

Shares of ENS stock opened at $102.08 on Monday. The stock has a market capitalization of $4.02 billion, a PE ratio of 12.63, a P/E/G ratio of 0.57 and a beta of 1.22. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53. The business has a 50-day moving average of $95.92 and a 200 day moving average of $97.47. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. 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. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One equities research 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 stock. According to MarketBeat.com, 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.