Enersys (NYSE:ENS) Hits New 1-Year High - Here's What Happened

Key Points

• Enersys hit a new 52-week high, reaching $116.96 during trading, and currently has a market capitalization of $4.35 billion.
• Wall Street analysts maintain a strong "Buy" rating for Enersys, with a consensus target price of $118.33.
• The company recently announced an increase in its quarterly dividend to $0.2625 per share, up from the previous $0.24.

Enersys (NYSE:ENS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $116.96 and last traded at $116.10, with a volume of 237593 shares. The stock had previously closed at $114.75.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Roth Capital restated a "buy" rating and issued a $120.00 target price on shares of Enersys in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Enersys in a research note on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Enersys currently has a consensus rating of "Buy" and a consensus target price of $118.33.

Enersys Trading Up 1.2%

The business's 50 day moving average price is $103.05 and its two-hundred day moving average price is $93.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.65 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last issued 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. The company had revenue of $893.00 million for 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.98 EPS. Equities analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

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

Institutional Investors Weigh In On Enersys

A number of institutional investors and hedge funds have recently modified their holdings of ENS. Dimensional Fund Advisors LP grew its holdings in shares of Enersys by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock worth $139,320,000 after acquiring an additional 43,615 shares during the last quarter. Geode Capital Management LLC increased its stake in Enersys by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 989,020 shares of the industrial products company's stock worth $84,838,000 after purchasing an additional 23,252 shares in the last quarter. First Trust Advisors LP raised its holdings in Enersys by 4.0% during the 2nd quarter. First Trust Advisors LP now owns 882,082 shares of the industrial products company's stock worth $75,656,000 after buying an additional 33,887 shares during the period. Millennium Management LLC lifted its stake in Enersys by 48.9% during the first quarter. Millennium Management LLC now owns 617,475 shares of the industrial products company's stock valued at $56,548,000 after buying an additional 202,727 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Enersys by 8.2% in the second quarter. AQR Capital Management LLC now owns 500,539 shares of the industrial products company's stock worth $42,931,000 after buying an additional 38,005 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

About Enersys

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.

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