Dimensional Fund Advisors LP Raises Position in Enersys $ENS

Key Points

• Dimensional Fund Advisors LP increased its ownership in Enersys by 3.0% in the first quarter, amassing 1,521,282 shares valued at approximately $139.3 million.
• Analysts remain optimistic with a consensus rating of "Buy" and an average target price of $118.33 for Enersys, despite one brokerage downgrading the stock from "strong-buy" to "hold".
• Enersys recently declared a quarterly dividend of $0.2625 per share, reflecting an increase from its prior dividend of $0.24, with a current dividend yield of 1.1%.

Dimensional Fund Advisors LP increased its holdings in shares of Enersys (NYSE:ENS - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,521,282 shares of the industrial products company's stock after purchasing an additional 43,615 shares during the period. Dimensional Fund Advisors LP owned approximately 3.86% of Enersys worth $139,320,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Quarry LP raised its holdings 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 acquiring an additional 204 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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 acquiring an additional 325 shares in the last quarter. UMB Bank n.a. raised its holdings 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 acquiring an additional 284 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings 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 acquiring an additional 100 shares in the last quarter. Finally, CX Institutional acquired a new position in Enersys in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ENS shares. Roth Capital reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Roth Mkm reissued a "buy" rating and issued 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. Finally, Oppenheimer reiterated an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enersys currently has an average rating of "Buy" and a consensus price target of $118.33.

Enersys Stock Down 0.9%

ENS traded down $0.9240 on Monday, hitting $101.0860. 144,632 shares of the company were exchanged, compared to its average volume of 369,824. Enersys has a 12 month low of $76.57 and a 12 month high of $104.36. The company has a market cap of $3.79 billion, a PE ratio of 11.54, a PEG ratio of 0.58 and a beta of 1.08. 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's fifty day moving average is $90.90 and its 200-day moving average is $91.53.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same quarter in the previous year, the business earned $1.98 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict 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 paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is currently 10.96%.

Insider Activity at Enersys

In related news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, the chief executive officer directly owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.

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.