Aristides Capital LLC Buys New Shares in Enersys $ENS

Key Points

• Aristides Capital LLC has acquired a new position in Enersys, purchasing 2,800 shares valued at approximately $256,000 during the first quarter of 2023.
• Insider activity saw CEO Shawn M. O'Connell buy 475 shares at an average price of $83.76, increasing his ownership to 43,030 shares, valued at over $3.6 million.
• Enersys plans to increase its quarterly dividend to $0.2625, demonstrating a positive change from the previous dividend of $0.24, representing a 1.0% yield on an annualized basis.

Aristides Capital LLC bought a new stake in Enersys (NYSE:ENS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,800 shares of the industrial products company's stock, valued at approximately $256,000.

Several other large investors also recently made changes to their positions in ENS. Raymond James Financial Inc. acquired a new stake in shares of Enersys in the 4th quarter valued at about $561,000. Mariner LLC boosted its stake in Enersys by 3.4% during the 4th quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 147 shares during the last quarter. Marshall Wace LLP boosted its stake in Enersys by 19.9% during the 4th 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 during the last quarter. Tower Research Capital LLC TRC boosted its stake in Enersys by 606.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,398 shares of the industrial products company's stock valued at $591,000 after purchasing an additional 5,492 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in Enersys by 5.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 21,291 shares of the industrial products company's stock valued at $1,968,000 after purchasing an additional 1,191 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Enersys Stock Performance

NYSE:ENS traded up $0.46 during trading hours on Friday, reaching $102.71. The stock had a trading volume of 374,430 shares, compared to its average volume of 352,040. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The stock has a 50 day simple moving average of $92.69 and a 200 day simple moving average of $91.64. Enersys has a 12-month low of $76.57 and a 12-month high of $104.36. The stock has a market cap of $3.85 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $848.02 million. During the same quarter in the previous year, the firm posted $1.98 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Enersys will post 9.99 EPS for the current fiscal 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 issued 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 dividend yield of 1.0%. Enersys's payout ratio is currently 10.96%.

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.