EP Wealth Advisors LLC Acquires New Shares in Enersys $ENS

EP Wealth Advisors LLC bought a new position in shares of Enersys (NYSE:ENS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,497 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Enersys by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company’s stock valued at $139,320,000 after purchasing an additional 43,615 shares during the last quarter. Janus Henderson Group PLC boosted its position in Enersys by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company’s stock valued at $122,262,000 after buying an additional 13,786 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in shares of Enersys by 1.1% during the first quarter. Paradigm Capital Management Inc. NY now owns 483,300 shares of the industrial products company’s stock worth $44,261,000 after buying an additional 5,328 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Enersys by 1.0% during the first quarter. Segall Bryant & Hamill LLC now owns 416,381 shares of the industrial products company’s stock worth $38,132,000 after buying an additional 4,012 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company’s stock valued at $38,335,000 after acquiring an additional 404,204 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENS. Wall Street Zen upgraded Enersys from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th. Roth Capital reiterated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Enersys currently has a consensus rating of “Buy” and an average target price of $118.33.

Enersys Trading Down 0.9%

NYSE ENS opened at $103.66 on Wednesday. The firm has a market capitalization of $3.88 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09. The business’s 50-day moving average price is $95.10 and its two-hundred day moving average price is $91.73. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Enersys has a 12 month low of $76.57 and a 12 month high of $104.86.

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

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. This is a boost from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys’s dividend payout ratio is currently 10.96%.

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.