Voya Investment Management LLC Decreases Stock Holdings in Enersys $ENS

Voya Investment Management LLC decreased its stake in shares of Enersys (NYSE:ENS) by 12.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,523 shares of the industrial products company’s stock after selling 1,484 shares during the period. Voya Investment Management LLC’s holdings in Enersys were worth $964,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Inspire Investing LLC lifted its stake in shares of Enersys by 171.2% in the first quarter. Inspire Investing LLC now owns 11,750 shares of the industrial products company’s stock worth $1,076,000 after buying an additional 7,417 shares in the last quarter. Strs Ohio bought a new position in shares of Enersys during the first quarter worth $247,000. Intech Investment Management LLC boosted its position in shares of Enersys by 13.4% during the first quarter. Intech Investment Management LLC now owns 29,706 shares of the industrial products company’s stock worth $2,720,000 after acquiring an additional 3,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Enersys by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock valued at $10,419,000 after purchasing an additional 9,737 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Enersys during the first quarter valued at $240,000. Institutional investors own 94.93% of the company’s stock.

Enersys Price Performance

Shares of NYSE ENS opened at $109.67 on Thursday. The firm has a 50-day simple moving average of $99.57 and a 200-day simple moving average of $92.38. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.63 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 $113.60.

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

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.2625 per share. The ex-dividend date is Friday, September 12th. This is an increase from Enersys’s previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.0%. Enersys’s dividend payout ratio (DPR) is 11.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENS shares. Wall Street Zen cut shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Roth Capital reissued a “buy” rating and set a $120.00 target price on shares of Enersys in a research report on Tuesday, August 5th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Enersys currently has an average rating of “Buy” and a consensus price target of $118.33.

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.