GAMMA Investing LLC Acquires 213 Shares of Enersys $ENS

GAMMA Investing LLC lifted its stake in Enersys (NYSE:ENS) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,559 shares of the industrial products company’s stock after acquiring an additional 213 shares during the period. GAMMA Investing LLC’s holdings in Enersys were worth $134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ENS. Caitong International Asset Management Co. Ltd boosted its stake in shares of Enersys by 2,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 325 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Enersys in the 1st quarter valued at $36,000. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. CX Institutional acquired a new stake in shares of Enersys in the 1st quarter valued at $69,000. Finally, Parallel Advisors LLC boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Stock Up 1.6%

ENS stock opened at $112.98 on Wednesday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.63 and a beta of 1.09. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $113.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The business’s fifty day moving average price is $101.34 and its two-hundred day moving average price is $92.76.

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

Enersys Increases Dividend

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

Analyst Ratings Changes

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

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.