Parallel Advisors LLC Trims Position in Enersys $ENS

Parallel Advisors LLC lessened its stake in shares of Enersys (NYSE:ENS) by 49.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 482 shares of the industrial products company’s stock after selling 469 shares during the period. Parallel Advisors LLC’s holdings in Enersys were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Inspire Investing LLC raised its holdings in shares of Enersys by 171.2% during the 1st quarter. Inspire Investing LLC now owns 11,750 shares of the industrial products company’s stock worth $1,076,000 after acquiring an additional 7,417 shares during the period. Strs Ohio purchased a new stake in Enersys in the 1st quarter valued at about $247,000. Intech Investment Management LLC raised its holdings in Enersys by 13.4% in the 1st quarter. Intech Investment Management LLC now owns 29,706 shares of the industrial products company’s stock valued at $2,720,000 after buying an additional 3,512 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Enersys by 9.4% in the 1st 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 buying an additional 9,737 shares during the period. Finally, United Services Automobile Association purchased a new stake in Enersys in the 1st quarter valued at about $240,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Roth Capital restated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Oppenheimer restated 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.com, the stock currently has an average rating of “Buy” and a consensus price target of $118.33.

Enersys Price Performance

Shares of ENS opened at $111.61 on Friday. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.63 and a beta of 1.09. The firm’s fifty day simple moving average is $100.44 and its 200-day simple moving average is $92.54. Enersys has a twelve month low of $76.57 and a twelve month high of $113.60. 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 (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, topping the consensus estimate of $2.05 by $0.03. The business 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. Equities analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.2625 per share. This is an increase from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. Enersys’s dividend payout ratio is presently 11.99%.

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.