Allianz Asset Management GmbH Has $11.24 Million Position in Enersys (NYSE:ENS)

Key Points

• Allianz Asset Management GmbH increased its stake in Enersys by 17.6%, owning approximately 122,759 shares valued at $11.24 million.
• Enersys reported a 7.0% increase in revenue and earnings per share of $2.97 for the last quarter, beating analysts' estimates.
• The company recently announced a quarterly dividend of $0.24 per share, representing an annualized yield of 1.02% with a payout ratio of 10.65%.

Allianz Asset Management GmbH raised its position in shares of Enersys (NYSE:ENS - Free Report) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,759 shares of the industrial products company's stock after acquiring an additional 18,337 shares during the period. Allianz Asset Management GmbH owned approximately 0.31% of Enersys worth $11,242,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC lifted its stake in shares of Enersys by 41.0% in the first quarter. Foundry Partners LLC now owns 67,374 shares of the industrial products company's stock valued at $6,170,000 after buying an additional 19,607 shares during the period. Jennison Associates LLC bought a new stake in shares of Enersys in the first quarter valued at about $989,000. Segall Bryant & Hamill LLC lifted its stake in shares of Enersys by 1.0% in the first quarter. Segall Bryant & Hamill LLC now owns 416,381 shares of the industrial products company's stock valued at $38,132,000 after buying an additional 4,012 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Enersys by 1.0% in the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock valued at $1,233,000 after buying an additional 135 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Enersys in the first quarter valued at about $2,376,000. 94.93% of the stock is currently owned by institutional investors.

Insider Activity at Enersys

In other news, CFO Andrea J. Funk purchased 315 shares of Enersys stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, the chief financial officer directly owned 50,645 shares in the company, valued at $4,061,729. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shawn M. O'connell purchased 475 shares of Enersys stock in a transaction dated Friday, May 30th. The shares were purchased 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 owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,085 shares of company stock worth $89,726 over the last three months. 0.91% of the stock is owned by insiders.

Enersys Price Performance

Shares of NYSE ENS traded down $0.36 during mid-day trading on Monday, hitting $93.69. 274,333 shares of the stock were exchanged, compared to its average volume of 372,534. The company has a market cap of $3.67 billion, a P/E ratio of 10.40, a PEG ratio of 0.54 and a beta of 1.07. The stock's fifty day simple moving average is $87.36 and its two-hundred day simple moving average is $91.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. Enersys has a twelve month low of $76.57 and a twelve month high of $112.53.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.19. The company had revenue of $974.80 million during the quarter, compared to analyst estimates of $973.45 million. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $2.08 earnings per share. As a group, analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. Enersys's dividend payout ratio (DPR) is currently 10.65%.

Analyst Ratings Changes

ENS has been the subject of several recent research reports. Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. Roth Capital reissued a "buy" rating on shares of Enersys in a research report on Thursday, May 22nd. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a research report on Wednesday, May 14th.

Enersys 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.