Enersys $ENS Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in shares of Enersys (NYSE:ENS) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,346 shares of the industrial products company’s stock after selling 321 shares during the quarter. Yousif Capital Management LLC’s holdings in Enersys were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ENS. Caitong International Asset Management Co. Ltd increased its stake in shares of Enersys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 325 shares during the period. Gen Wealth Partners Inc acquired a new position in shares of Enersys during the first quarter worth about $36,000. UMB Bank n.a. increased its stake in shares of Enersys by 80.6% during the second quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 345 shares during the period. Covestor Ltd increased its stake in shares of Enersys by 34.0% during the first quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 263 shares during the period. Finally, Quarry LP increased its stake in shares of Enersys by 291.4% during the first quarter. Quarry LP now owns 1,319 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 982 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enersys currently has an average rating of “Buy” and a consensus target price of $118.33.

Enersys Stock Down 0.8%

ENS stock opened at $122.70 on Wednesday. The company has a market cap of $4.60 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.70 and a beta of 1.09. Enersys has a 52 week low of $76.57 and a 52 week high of $124.84. The company’s 50-day moving average price is $108.53 and its 200 day moving average price is $95.21. 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 announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same quarter in the prior year, the firm 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 expect that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. This is a boost from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 12th. Enersys’s payout ratio is currently 11.99%.

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.