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

Key Points

• Enersys shares reached a new 52-week high, trading at $105.35, with several analysts setting price targets of $120.00.
• The company reported its quarterly earnings, with earnings per share of $2.08, surpassing expectations and reflecting a year-over-year revenue increase of 4.7%.
• Enersys announced a quarterly dividend increase to $0.2625 per share, representing an annualized yield of 1.0% and a payout ratio of 10.96%.

Enersys (NYSE:ENS - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $105.35 and last traded at $104.59, with a volume of 246845 shares. The stock had previously closed at $103.77.

Analyst Ratings Changes

ENS has been the topic of several analyst reports. Roth Capital reiterated a "buy" rating and set a $120.00 price target on shares of Enersys in a report on Tuesday, August 5th. Wall Street Zen raised shares of Enersys from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $118.33.

Enersys Trading Down 0.9%

The company's 50 day moving average price is $96.47 and its two-hundred day moving average price is $91.79. 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 stock has a market capitalization of $4.00 billion, a PE ratio of 12.18, a P/E/G ratio of 0.61 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.98 earnings per share. As a group, analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is a boost from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is 11.99%.

Institutional Investors Weigh In On Enersys

A number of institutional investors have recently made changes to their positions in ENS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Enersys during the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 325 shares in the last quarter. Gen Wealth Partners Inc acquired a new position in shares of Enersys in the 1st quarter valued at $36,000. UMB Bank n.a. boosted its holdings 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 buying an additional 284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock valued at $47,000 after buying an additional 476 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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.