Allianz Asset Management GmbH Has $36.74 Million Stock Position in Enersys $ENS

Key Points

• Allianz Asset Management GmbH increased its stake in Enersys by 249.0% in Q2, owning approximately $36.74 million worth of shares after acquiring an additional 305,635 shares.
• Enersys reported $2.08 EPS for the quarter, slightly exceeding the consensus estimate of $2.05, and achieved $893 million in revenue.
• The company announced a quarterly dividend increase to $0.2625, representing an annual yield of 0.9%, with a payout ratio of 11.99%.

Allianz Asset Management GmbH lifted its holdings in Enersys (NYSE:ENS - Free Report) by 249.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,394 shares of the industrial products company's stock after acquiring an additional 305,635 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.09% of Enersys worth $36,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its position in Enersys by 2,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in shares of Enersys in the 1st quarter valued at $36,000. UMB Bank n.a. increased its position in shares of Enersys by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 773 shares of the industrial products company's stock valued at $66,000 after buying an additional 345 shares in the last quarter. Covestor Ltd increased its position in shares of Enersys by 34.0% in the 1st quarter. Covestor Ltd now owns 1,036 shares of the industrial products company's stock valued at $95,000 after buying an additional 263 shares in the last quarter. Finally, Quarry LP boosted its stake in Enersys by 291.4% in the 1st quarter. Quarry LP now owns 1,319 shares of the industrial products company's stock worth $121,000 after purchasing an additional 982 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Stock Down 2.3%

Shares of ENS opened at $121.16 on Friday. The firm's 50 day moving average is $107.47 and its 200-day moving average is $94.64. The stock has a market capitalization of $4.54 billion, a PE ratio of 13.83, a P/E/G ratio of 0.69 and a beta of 1.09. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Enersys has a 12 month low of $76.57 and a 12 month high of $124.84.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. The company 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. Equities research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is currently 11.99%.

Analysts Set New Price Targets

ENS has been the subject of a number of recent research reports. Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Enersys in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Enersys from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Enersys has a consensus rating of "Buy" and an average target price of $118.33.

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.

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