Franklin Resources Inc. Lowers Stake in EnerSys (ENS)

Franklin Resources Inc. lowered its stake in shares of EnerSys (NYSE:ENS) by 48.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 246,423 shares of the industrial products company’s stock after selling 229,700 shares during the period. Franklin Resources Inc.’s holdings in EnerSys were worth $17,158,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlueCrest Capital Management Ltd purchased a new stake in shares of EnerSys during the 4th quarter valued at $406,000. Alliancebernstein L.P. raised its position in shares of EnerSys by 21.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,673,868 shares of the industrial products company’s stock valued at $116,551,000 after buying an additional 290,845 shares in the last quarter. WINTON GROUP Ltd raised its position in EnerSys by 3.4% in the 4th quarter. WINTON GROUP Ltd now owns 95,536 shares of the industrial products company’s stock worth $6,652,000 after purchasing an additional 3,155 shares during the period. Burney Co. raised its position in EnerSys by 12.7% in the 4th quarter. Burney Co. now owns 14,563 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 1,646 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in EnerSys in the 4th quarter worth $8,158,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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ENS has been the topic of a number of analyst reports. Sidoti cut shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Tuesday, January 23rd. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, TheStreet cut shares of EnerSys from a “b” rating to a “c+” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.00.

ENS stock opened at $66.80 on Friday. The company has a market cap of $2,871.26, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.47 and a beta of 1.54. EnerSys has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.47 and a quick ratio of 2.53.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The company had revenue of $658.90 million for the quarter, compared to analysts’ expectations of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. analysts forecast that EnerSys will post 4.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, March 15th. EnerSys’s payout ratio is presently 31.25%.

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EnerSys Profile

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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