7,121 Shares in Enersys $ENS Acquired by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp purchased 7,121 shares of Enersys, valued at approximately $652,000, as part of its new position in the company during the 1st quarter.
• Enersys recently announced an increase in its quarterly dividend from $0.24 to $0.2625 per share, reflecting a 1.0% dividend yield.
• Wall Street analysts are optimistic about Enersys, with a consensus rating of "Buy" and a price target of $118.33 following positive earnings results that exceeded expectations.

Hancock Whitney Corp acquired a new position in Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,121 shares of the industrial products company's stock, valued at approximately $652,000.

Several other large investors have also recently modified their holdings of ENS. Millennium Management LLC increased its holdings in shares of Enersys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after buying an additional 404,204 shares during the period. Nuveen LLC purchased a new position in shares of Enersys in the first quarter worth about $29,695,000. GAMMA Investing LLC increased its holdings in shares of Enersys by 35,119.1% in the first quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after buying an additional 122,917 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Enersys by 82.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 199,072 shares of the industrial products company's stock worth $18,400,000 after buying an additional 89,717 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Enersys by 660.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 81,830 shares of the industrial products company's stock worth $7,494,000 after buying an additional 71,065 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ENS. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Roth Capital reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $118.33.

Enersys Stock Up 0.3%

Enersys stock traded up $0.28 during trading hours on Friday, hitting $107.42. 79,145 shares of the stock traded hands, compared to its average volume of 363,745. The firm's 50-day moving average price is $95.74 and its two-hundred day moving average price is $91.87. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The company has a market cap of $4.02 billion, a PE ratio of 12.26, a PEG ratio of 0.60 and a beta of 1.09. Enersys has a one year low of $76.57 and a one year high of $107.53.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. During the same period in the previous year, the firm posted $1.98 EPS. The business's revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

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

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.