Jennison Associates LLC Invests $989,000 in Enersys (NYSE:ENS)

Jennison Associates LLC bought a new stake in Enersys (NYSE:ENS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,803 shares of the industrial products company's stock, valued at approximately $989,000.

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Enersys by 23.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after buying an additional 1,323 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Enersys by 74.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock worth $6,339,000 after purchasing an additional 29,268 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Enersys by 11.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock worth $1,077,000 after purchasing an additional 1,165 shares during the period. GAMMA Investing LLC boosted its stake in Enersys by 284.6% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock worth $123,000 after purchasing an additional 996 shares during the period. Finally, CX Institutional acquired a new stake in Enersys during the 1st quarter worth $69,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ENS. Roth Mkm restated a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Roth Capital reissued a "buy" rating on shares of Enersys in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th.

Insiders Place Their Bets

In other news, CEO Shawn M. O'connell bought 475 shares of Enersys stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the transaction, the chief executive officer owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrea J. Funk acquired 315 shares of Enersys stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the purchase, the chief financial officer directly owned 50,645 shares in the company, valued at $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,085 shares of company stock worth $89,726. Corporate insiders own 0.91% of the company's stock.

Enersys Trading Down 1.5%

ENS stock traded down $1.41 during midday trading on Thursday, reaching $92.99. 128,906 shares of the company's stock traded hands, compared to its average volume of 372,361. The company has a market capitalization of $3.64 billion, a P/E ratio of 10.34, a PEG ratio of 0.52 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The business has a 50-day moving average price of $87.71 and a two-hundred day moving average price of $91.59.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The business had revenue of $974.80 million for the quarter, compared to analysts' expectations of $973.45 million. During the same period in the previous year, the company posted $2.08 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. Enersys's payout ratio is currently 10.65%.

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.