GAMMA Investing LLC Buys 996 Shares of Enersys (NYSE:ENS)

GAMMA Investing LLC increased its stake in Enersys (NYSE:ENS) by 284.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,346 shares of the industrial products company’s stock after purchasing an additional 996 shares during the period. GAMMA Investing LLC’s holdings in Enersys were worth $123,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quarry LP boosted its stake in Enersys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after buying an additional 204 shares in the last quarter. UMB Bank n.a. boosted its stake in Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Headlands Technologies LLC boosted its stake in Enersys by 937.2% in the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock valued at $41,000 after buying an additional 403 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after buying an additional 100 shares in the last quarter. Finally, Covestor Ltd boosted its stake 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. Institutional investors own 94.93% of the company’s stock.

Insider Transactions at Enersys

In related news, CFO Andrea J. Funk acquired 315 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the transaction, the chief financial officer directly owned 50,645 shares of the company’s stock, valued at $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shawn M. O’connell acquired 475 shares of the stock in a transaction dated Friday, May 30th. The shares were bought at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares of the company’s stock, valued at $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,085 shares of company stock valued at $89,726 over the last 90 days. 0.91% of the stock is owned by corporate insiders.

Enersys Stock Performance

Shares of ENS stock opened at $90.22 on Friday. The business’s 50-day moving average price is $88.42 and its 200-day moving average price is $91.96. Enersys has a 12 month low of $76.57 and a 12 month high of $112.53. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.52 and a beta of 1.07. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56.

Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.19. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The firm had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same period last year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, June 13th. Enersys’s payout ratio is 10.65%.

Analyst Ratings Changes

Several research firms recently weighed in on ENS. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. Finally, Roth Capital reissued a “buy” rating on shares of Enersys in a research note on Thursday, May 22nd.

Enersys 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.