Millennium Management LLC Increases Position in EnerSys (NYSE:ENS)

Millennium Management LLC increased its holdings in EnerSys (NYSE:ENS) by 18.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 208,448 shares of the industrial products company’s stock after acquiring an additional 31,823 shares during the quarter. Millennium Management LLC’s holdings in EnerSys were worth $13,745,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eaton Vance Management grew its stake in EnerSys by 23.7% during the 2nd quarter. Eaton Vance Management now owns 258,163 shares of the industrial products company’s stock valued at $17,684,000 after purchasing an additional 49,492 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EnerSys by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 316,690 shares of the industrial products company’s stock valued at $21,694,000 after buying an additional 8,668 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of EnerSys by 9.2% during the 3rd quarter. Foundry Partners LLC now owns 152,340 shares of the industrial products company’s stock valued at $10,045,000 after buying an additional 12,874 shares during the last quarter. RMB Capital Management LLC boosted its stake in shares of EnerSys by 10.4% during the 2nd quarter. RMB Capital Management LLC now owns 22,274 shares of the industrial products company’s stock valued at $1,526,000 after buying an additional 2,093 shares during the last quarter. Finally, Man Group plc grew its position in shares of EnerSys by 316.6% during the second quarter. Man Group plc now owns 20,893 shares of the industrial products company’s stock worth $1,431,000 after buying an additional 15,878 shares in the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.

A number of analysts recently issued reports on ENS shares. Zacks Investment Research lowered shares of EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price target for the company. in a research note on Wednesday, October 9th. TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a research note on Thursday, November 7th. ValuEngine raised shares of EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Oppenheimer set a $78.00 target price on shares of EnerSys and gave the stock a “buy” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. EnerSys has a consensus rating of “Buy” and a consensus price target of $78.44.

In other EnerSys news, insider Holger P. Aschke sold 5,750 shares of EnerSys stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $69.50, for a total value of $399,625.00. Following the completion of the transaction, the insider now owns 38,804 shares of the company’s stock, valued at $2,696,878. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.59% of the company’s stock.

Shares of NYSE ENS opened at $70.89 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $69.05 and its two-hundred day moving average price is $64.14. EnerSys has a 52-week low of $53.56 and a 52-week high of $89.83. The stock has a market capitalization of $3.02 billion, a P/E ratio of 14.38, a PEG ratio of 1.38 and a beta of 1.60.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. EnerSys had a return on equity of 16.96% and a net margin of 5.90%. The company had revenue of $762.10 million during the quarter, compared to analyst estimates of $759.49 million. During the same quarter last year, the firm earned $1.17 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that EnerSys will post 5.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s dividend payout ratio (DPR) is presently 14.20%.

EnerSys Company 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.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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