2,676 Shares in Enersys $ENS Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has acquired a new stake in Enersys by purchasing 2,676 shares, valued at approximately $245,000 during the first quarter.
• Several hedge funds, including Millennium Management LLC and GAMMA Investing LLC, significantly increased their positions in Enersys, highlighting strong institutional interest in the company.
• Enersys reported earnings that exceeded analysts' expectations, with a quarterly revenue of $893 million and a recent dividend increase, reflecting positive financial performance.

Advisors Asset Management Inc. bought a new position in Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,676 shares of the industrial products company's stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Dimensional Fund Advisors LP boosted its stake in shares of Enersys by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock worth $139,320,000 after buying an additional 43,615 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of Enersys by 1.1% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 483,300 shares of the industrial products company's stock worth $44,261,000 after buying an additional 5,328 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Enersys by 1.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 416,381 shares of the industrial products company's stock worth $38,132,000 after buying an additional 4,012 shares during the last quarter. Millennium Management LLC boosted its position in 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 purchasing an additional 404,204 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Enersys in the first quarter worth about $29,695,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

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

Enersys Stock Performance

Shares of ENS stock traded up $0.10 during trading hours on Wednesday, reaching $107.89. 372,583 shares of the company traded hands, compared to its average volume of 275,356. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. Enersys has a 12-month low of $76.57 and a 12-month high of $109.77. The company has a market cap of $4.04 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.61 and a beta of 1.09. The firm has a 50-day moving average price of $97.24 and a 200 day moving average price of $92.01.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.60% and a return on equity of 21.99%. The business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The company's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This is a positive change from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. Enersys's dividend payout ratio is presently 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.