US Bancorp DE Acquires 211 Shares of Enersys (NYSE:ENS)

US Bancorp DE lifted its holdings in Enersys (NYSE:ENS) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,121 shares of the industrial products company’s stock after buying an additional 211 shares during the period. US Bancorp DE’s holdings in Enersys were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENS. Quarry LP boosted its stake in shares of Enersys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 204 shares during the period. UMB Bank n.a. boosted its stake in shares of Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Enersys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 100 shares during the period. CX Institutional purchased a new position in shares of Enersys during the 1st quarter worth about $69,000. Finally, Covestor Ltd boosted its stake in shares of Enersys by 32.4% during the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 189 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Enersys Price Performance

Enersys stock opened at $95.36 on Tuesday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. Enersys has a 1 year low of $76.57 and a 1 year high of $104.36. The firm has a 50-day moving average of $88.75 and a two-hundred day moving average of $91.33.

Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. On average, research analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. This is a boost from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio is currently 10.96%.

Analysts Set New Price Targets

A number of research firms recently commented on ENS. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Roth Capital reaffirmed a “buy” rating and set a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research report on Friday. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th.

Insider Activity at Enersys

In other Enersys news, CFO Andrea J. Funk purchased 315 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the transaction, the chief financial officer owned 50,645 shares of the company’s stock, valued at approximately $4,061,729. This trade represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shawn M. O’connell purchased 475 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,085 shares of company stock valued at $89,726 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

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.