Carmel Capital Management L.L.C. Has $6.07 Million Stake in Enersys (NYSE:ENS)

Carmel Capital Management L.L.C. lifted its position in Enersys (NYSE:ENS - Free Report) by 47.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,295 shares of the industrial products company's stock after purchasing an additional 21,250 shares during the quarter. Enersys accounts for 2.5% of Carmel Capital Management L.L.C.'s portfolio, making the stock its 19th largest position. Carmel Capital Management L.L.C. owned about 0.17% of Enersys worth $6,071,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ENS. QRG Capital Management Inc. grew its position in Enersys by 23.1% in the first quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 1,323 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Enersys by 11.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock valued at $1,077,000 after acquiring an additional 1,165 shares during the period. Allspring Global Investments Holdings LLC grew its position in Enersys by 74.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock valued at $6,339,000 after acquiring an additional 29,268 shares during the period. GAMMA Investing LLC grew its position in Enersys by 284.6% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock valued at $123,000 after acquiring an additional 996 shares during the period. Finally, CX Institutional bought a new stake in Enersys in the first quarter valued at $69,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Enersys

In other news, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the purchase, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the purchase, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 1,085 shares of company stock worth $89,726 in the last ninety days. 0.91% of the stock is currently owned by insiders.

Enersys Price Performance

Shares of ENS stock traded down $2.04 during trading hours on Monday, hitting $88.18. 344,192 shares of the company's stock were exchanged, compared to its average volume of 319,558. The stock's 50-day moving average is $88.45 and its 200-day moving average is $91.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.52 and a beta of 1.07. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53.

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

Enersys Announces Dividend

The company 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. This represents a $0.96 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, June 13th. Enersys's dividend payout ratio (DPR) is presently 10.65%.

Analysts Set New Price Targets

A number of analysts have weighed in on ENS shares. Wall Street Zen upgraded Enersys from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. Roth Capital restated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Finally, Roth Mkm restated a "buy" rating and set a $120.00 target price on shares of Enersys in a 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.