AQR Capital Management LLC Has $42.36 Million Holdings in Enersys $ENS

Key Points

• AQR Capital Management LLC reduced its stake in Enersys by 19.2%, now owning approximately 1.17% of the company, valued at $42.36 million.
• Enersys reported earnings of $2.08 per share for the last quarter, exceeding estimates, with revenues of $893 million, a 4.7% year-over-year increase.
• The company has announced a new quarterly dividend of $0.2625 per share, marking an increase from the previous dividend of $0.24.

AQR Capital Management LLC decreased its stake in Enersys (NYSE:ENS - Free Report) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462,534 shares of the industrial products company's stock after selling 110,142 shares during the period. AQR Capital Management LLC owned approximately 1.17% of Enersys worth $42,359,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of Enersys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after buying an additional 325 shares in the last quarter. Gen Wealth Partners Inc acquired a new position in Enersys during the first quarter valued at approximately $36,000. UMB Bank n.a. lifted its position in shares of Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after purchasing an additional 284 shares in the last quarter. CX Institutional acquired a new position in shares of Enersys during the first quarter worth $69,000. Finally, Parallel Advisors LLC raised its holdings in Enersys by 51.7% in the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 324 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Price Performance

Shares of NYSE:ENS traded up $0.82 on Wednesday, hitting $104.59. The stock had a trading volume of 246,845 shares, compared to its average volume of 366,423. The firm's 50 day moving average price is $95.10 and its 200-day moving average price is $91.73. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. Enersys has a twelve month low of $76.57 and a twelve month high of $105.35.

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 (EPS) for the quarter, topping 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 prior year, the company earned $1.98 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict 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. Shareholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is an increase from Enersys's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. Enersys's payout ratio is currently 10.96%.

Wall Street Analysts Forecast Growth

ENS has been the topic of a number of research reports. Wall Street Zen raised shares of Enersys from a "hold" rating to a "buy" rating in a report on Saturday. Oppenheimer restated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Mkm reiterated a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Finally, Roth Capital reiterated a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target 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.