15,750 Shares in Enersys $ENS Acquired by Algert Global LLC

Key Points

• Algert Global LLC has made a new investment of $1.44 million in Enersys by acquiring 15,750 shares during the first quarter.
• Enersys recently increased its quarterly dividend to $0.2625 per share, representing a 1.0% yield, with a payout ratio of 10.96%.
• The company's earnings report showed a quarterly revenue of $893 million, exceeding analyst expectations of $848 million and resulting in an EPS of $2.08.

Algert Global LLC purchased a new position in Enersys (NYSE:ENS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,750 shares of the industrial products company's stock, valued at approximately $1,442,000.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Enersys during the fourth quarter valued at $561,000. Mariner LLC grew its stake in Enersys by 3.4% during the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 147 shares in the last quarter. Marshall Wace LLP grew its position in shares of Enersys by 19.9% during the fourth quarter. Marshall Wace LLP now owns 13,818 shares of the industrial products company's stock valued at $1,277,000 after purchasing an additional 2,291 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Enersys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 100 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Enersys by 4.7% during the fourth quarter. First Trust Advisors LP now owns 189,529 shares of the industrial products company's stock valued at $17,518,000 after purchasing an additional 8,559 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Trading Up 0.5%

ENS traded up $0.54 on Wednesday, hitting $102.48. The company had a trading volume of 75,600 shares, compared to its average volume of 368,299. The company has a market cap of $3.84 billion, a PE ratio of 11.69, a PEG ratio of 0.58 and a beta of 1.08. Enersys has a 12-month low of $76.57 and a 12-month high of $104.36. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The business's fifty day simple moving average is $91.56 and its 200 day simple moving average is $91.61.

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

Enersys Increases Dividend

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

Insider Transactions at Enersys

In other news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction on Friday, May 30th. The stock was acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the purchase, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th. Oppenheimer restated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $118.33.

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.