Algert Global LLC Takes Position in Enersys $ENS

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 acquired a new stake in Enersys (NYSE:ENS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,750 shares of the industrial products company's stock, valued at approximately $1,442,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENS. Dimensional Fund Advisors LP boosted its holdings 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 valued at $139,320,000 after purchasing an additional 43,615 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Enersys by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock valued at $122,262,000 after buying an additional 13,786 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Enersys by 13.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock valued at $95,021,000 after acquiring an additional 121,758 shares during the last quarter. Northern Trust Corp raised its stake in Enersys by 6.2% during the fourth quarter. Northern Trust Corp now owns 607,105 shares of the industrial products company's stock worth $56,115,000 after acquiring an additional 35,667 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in Enersys by 3.3% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 477,972 shares of the industrial products company's stock worth $44,179,000 after acquiring an additional 15,472 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Enersys Trading Down 0.4%

Shares of NYSE ENS traded down $0.39 during trading on Thursday, reaching $101.97. The company had a trading volume of 52,484 shares, compared to its average volume of 367,064. The stock has a market cap of $3.82 billion, a P/E ratio of 11.64, a PEG ratio of 0.58 and a beta of 1.08. The company's fifty day moving average price is $91.93 and its 200-day moving average price is $91.68. 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 12 month low of $76.57 and a 12 month high of $104.36.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (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 company had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. During the same period last year, the company earned $1.98 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company 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. This is an increase 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 10.96%.

Analyst Ratings Changes

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

Insider Activity at Enersys

In other news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was bought at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares in the company, valued at $3,604,192.80. This represents a 1.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.91% of the company's stock.

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.