ABLE Financial Group LLC Takes Position in Enersys $ENS

Key Points

• ABLE Financial Group LLC invested approximately $1.81 million in Enersys by acquiring 21,080 shares, representing about 0.05% ownership of the company.
• Enersys announced a quarterly dividend of $0.2625 per share, which marks an increase from the previous dividend of $0.24, with a yield of 1.0%.
• The stock currently has an average rating of "Buy" from analysts, with a consensus price target of $118.33.

ABLE Financial Group LLC bought a new stake in Enersys (NYSE:ENS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,080 shares of the industrial products company's stock, valued at approximately $1,808,000. ABLE Financial Group LLC owned about 0.05% of Enersys as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Enersys by 2,500.0% during 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 bought a new position in Enersys in the 1st quarter worth approximately $36,000. UMB Bank n.a. lifted its stake in Enersys by 197.2% in the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after purchasing an additional 284 shares in the last quarter. CX Institutional purchased a new stake in shares of Enersys during the 1st quarter valued at $69,000. Finally, Parallel Advisors LLC raised its position in shares of Enersys by 51.7% during the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after buying an additional 324 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ENS shares. Roth Capital reissued a "buy" rating and set a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Enersys from a "buy" rating to a "hold" rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $118.33.

Enersys Stock Up 1.8%

Shares of ENS traded up $1.97 during trading on Monday, reaching $111.96. The company's stock had a trading volume of 306,218 shares, compared to its average volume of 329,213. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.63 and a beta of 1.09. The company has a fifty day moving average of $98.63 and a two-hundred day moving average of $92.14. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. Enersys has a twelve month low of $76.57 and a twelve month high of $112.32.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS 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 during the quarter, compared to the consensus estimate of $848.02 million. During the same period in the prior year, the business posted $1.98 earnings per share. Enersys's revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. This is an increase from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio is currently 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.