Enersys $ENS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Enersys (NYSE:ENS) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,607 shares of the industrial products company’s stock after selling 687 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Enersys worth $1,682,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 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 shares of Enersys during the 1st quarter worth approximately $36,000. UMB Bank n.a. raised its stake in shares of Enersys by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock worth $66,000 after buying an additional 345 shares during the period. Covestor Ltd raised its stake in shares of Enersys by 34.0% during the 1st quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock worth $95,000 after buying an additional 263 shares during the period. Finally, Quarry LP raised its stake in shares of Enersys by 291.4% during the 1st quarter. Quarry LP now owns 1,319 shares of the industrial products company’s stock worth $121,000 after buying an additional 982 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Stock Up 0.3%

Shares of NYSE:ENS opened at $121.50 on Monday. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $109.80 and a two-hundred day moving average of $96.15. The stock has a market cap of $4.55 billion, a P/E ratio of 13.87, a PEG ratio of 0.69 and a beta of 1.09. Enersys has a 52-week low of $76.57 and a 52-week high of $124.84.

Enersys (NYSE:ENS) last issued its 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. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.98 EPS. On average, research analysts expect 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. Shareholders of record on Friday, September 12th were issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, September 12th. This is an increase from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio (DPR) is currently 11.99%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ENS shares. Wall Street Zen raised Enersys from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reiterated a “buy” rating and set a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus 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.