Cubist Systematic Strategies LLC Purchases Shares of 46,900 Enersys $ENS

Key Points

• Cubist Systematic Strategies LLC acquired 46,900 shares of Enersys (ENS), valued at approximately $4.3 million, representing 0.12% ownership at the end of the reporting period.
• Enersys reported $2.08 EPS for the last quarter, exceeding analysts' expectations, and its revenue increased by 4.7% year-over-year.
• The company announced an increase in its quarterly dividend to $0.2625 per share, with the next payment scheduled for September 26th.

Cubist Systematic Strategies LLC acquired a new position in shares of Enersys (NYSE:ENS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 46,900 shares of the industrial products company's stock, valued at approximately $4,295,000. Cubist Systematic Strategies LLC owned about 0.12% of Enersys at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in Enersys by 3,833.5% during the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after buying an additional 404,204 shares during the period. Nuveen LLC purchased a new position in shares of Enersys during the 1st quarter worth approximately $29,695,000. GAMMA Investing LLC boosted its position in shares of Enersys by 35,119.1% during the 1st quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after purchasing an additional 122,917 shares during the period. Deprince Race & Zollo Inc. increased its holdings in Enersys by 13.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock valued at $95,021,000 after purchasing an additional 121,758 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Enersys by 82.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 199,072 shares of the industrial products company's stock valued at $18,400,000 after purchasing an additional 89,717 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENS has been the subject of several research analyst reports. Roth Capital restated a "buy" rating and set a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $118.33.

Enersys Stock Up 0.8%

NYSE ENS traded up $0.82 during trading hours on Wednesday, hitting $104.59. 246,845 shares of the company were exchanged, compared to its average volume of 282,096. The company has a 50 day moving average of $95.40 and a two-hundred day moving average of $91.82. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. Enersys has a 52-week low of $76.57 and a 52-week high of $105.35. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.59 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. During the same quarter last year, the business posted $1.98 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate 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 issued a dividend of $0.2625 per share. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 annualized dividend and a yield of 1.0%. Enersys's dividend payout ratio (DPR) is presently 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.