Boston Partners Sells 193,615 Shares of Enersys $ENS

Key Points

• Boston Partners has reduced its stake in Enersys by 22.9% during Q1, now owning approximately 651,881 shares valued at $59.1 million.
• Enersys reported a quarterly EPS of $2.08, exceeding expectations and indicating a 4.7% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.2625, raising its previous dividend, contributing to a 1.1% annualized yield for shareholders.

Boston Partners trimmed its position in Enersys (NYSE:ENS - Free Report) by 22.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 651,881 shares of the industrial products company's stock after selling 193,615 shares during the period. Boston Partners owned about 1.65% of Enersys worth $59,110,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its position in Enersys by 153.4% in the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after buying an additional 204 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted 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 valued at $31,000 after buying an additional 325 shares during the last quarter. UMB Bank n.a. boosted its position in Enersys by 197.2% in the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after buying an additional 284 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. Finally, CX Institutional bought a new position in Enersys in the 1st quarter valued at $69,000. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Enersys

In other news, CFO Andrea J. Funk purchased 315 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, 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 purchased a total of 1,085 shares of company stock worth $89,726 in the last ninety days. 0.91% of the stock is currently owned by company insiders.

Enersys Trading Down 2.4%

Enersys stock traded down $2.4420 during mid-day trading on Wednesday, hitting $97.4180. 273,521 shares of the company's stock were exchanged, compared to its average volume of 376,469. The firm has a market capitalization of $3.65 billion, a P/E ratio of 11.12, a PEG ratio of 0.57 and a beta of 1.08. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $104.36. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The company's 50 day simple moving average is $90.40 and its 200-day simple moving average is $91.49.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. On average, equities analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. This is a boost from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio (DPR) is 11.99%.

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.