29,172 Shares in Enersys $ENS Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Enersys (NYSE:ENS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,172 shares of the industrial products company's stock, valued at approximately $2,502,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Enersys at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ENS. Caitong International Asset Management Co. Ltd increased its position in Enersys by 2,500.0% in the first 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 last quarter. Gen Wealth Partners Inc purchased a new stake in Enersys in the first quarter worth $36,000. UMB Bank n.a. increased its position in Enersys by 80.6% in the second 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 last quarter. Covestor Ltd increased its position in Enersys by 34.0% in the first 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 last quarter. Finally, Quarry LP increased its position in Enersys by 291.4% in the first 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 last quarter. 94.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Enersys Price Performance

Enersys stock opened at $122.70 on Wednesday. Enersys has a one year low of $76.57 and a one year high of $124.84. The business has a fifty day moving average price of $108.53 and a 200-day moving average price of $95.21. 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 firm has a market capitalization of $4.60 billion, a P/E ratio of 14.01, a PEG ratio of 0.70 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 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. During the same period last year, the company earned $1.98 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

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

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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