Two Sigma Advisers LP Increases Stock Position in EnerSys (NYSE:ENS)

Two Sigma Advisers LP grew its holdings in shares of EnerSys (NYSE:ENS) by 104.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the industrial products company’s stock after purchasing an additional 2,600 shares during the period. Two Sigma Advisers LP’s holdings in EnerSys were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ENS. Quarry LP grew its holdings in EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 204 shares during the period. Headlands Technologies LLC grew its stake in shares of EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of EnerSys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 100 shares in the last quarter. Covestor Ltd increased its holdings in EnerSys by 32.4% in the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock valued at $71,000 after buying an additional 189 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in EnerSys in the 4th quarter valued at approximately $105,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ENS shares. Roth Capital reaffirmed a “buy” rating on shares of EnerSys in a report on Thursday, May 22nd. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th.

Insider Activity

In other news, CFO Andrea J. Funk acquired 315 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer now owns 50,645 shares of the company’s stock, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Shawn M. O’connell purchased 475 shares of the business’s stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the acquisition, the chief executive officer now directly owns 43,030 shares in the company, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,085 shares of company stock valued at $89,726. 1.61% of the stock is currently owned by insiders.

EnerSys Stock Up 0.2%

Shares of NYSE ENS opened at $85.41 on Thursday. 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 has a 12-month low of $76.57 and a 12-month high of $112.53. The company has a market cap of $3.35 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.57 and a beta of 1.13. The stock has a fifty day moving average price of $87.21 and a 200 day moving average price of $93.32.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.19. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. The firm had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same quarter in the previous year, the business posted $2.08 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, June 13th. EnerSys’s dividend payout ratio (DPR) is presently 10.65%.

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.