Enersys $ENS Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Enersys (NYSE:ENS) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,706 shares of the industrial products company’s stock after acquiring an additional 3,512 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of Enersys worth $2,720,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock worth $31,000 after buying an additional 325 shares during the period. Gen Wealth Partners Inc acquired a new position in Enersys in the 1st quarter valued at $36,000. UMB Bank n.a. raised its stake in Enersys by 197.2% in the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. CX Institutional acquired a new position in Enersys in the 1st quarter valued at $69,000. Finally, Parallel Advisors LLC raised its stake in Enersys by 51.7% in the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 324 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Trading Down 0.5%

NYSE:ENS opened at $106.87 on Monday. The stock’s 50 day moving average price is $96.08 and its 200 day moving average price is $91.75. The company has a market capitalization of $4.00 billion, a PE ratio of 12.20, a P/E/G ratio of 0.61 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. Enersys has a 52-week low of $76.57 and a 52-week high of $107.87.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating 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 firm had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same period in the previous year, the business earned $1.98 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. This is a positive change from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys’s payout ratio is presently 11.99%.

Analysts Set New Price Targets

Several research analysts recently commented on ENS shares. Roth Capital reissued a “buy” rating and issued a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Enersys from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $118.33.

About Enersys

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.