Dynamic Technology Lab Private Ltd Takes $950,000 Position in Enersys $ENS

Key Points

• Dynamic Technology Lab Private Ltd acquired a new position in Enersys, purchasing 10,371 shares valued at approximately $950,000 during the 1st quarter.
• Enersys recently reported quarterly earnings of $2.08 per share, exceeding analysts' expectations and showing a revenue increase of 4.7% compared to the same quarter last year.
• The company has announced an increase in its quarterly dividend to $0.2625 per share, resulting in an annualized dividend of $1.05 and a dividend yield of 1.0%.

Dynamic Technology Lab Private Ltd bought a new position in Enersys (NYSE:ENS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,371 shares of the industrial products company's stock, valued at approximately $950,000.

Several other hedge funds have also made changes to their positions in ENS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 worth $31,000 after buying an additional 325 shares during the period. Gen Wealth Partners Inc purchased a new stake in shares of Enersys during the 1st quarter worth $36,000. UMB Bank n.a. lifted its stake in shares of Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after purchasing an additional 284 shares during the last quarter. CX Institutional purchased a new stake in shares of Enersys during the 1st quarter worth $69,000. Finally, Parallel Advisors LLC lifted its stake in shares of Enersys by 51.7% during the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock worth $87,000 after purchasing an additional 324 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Stock Down 0.5%

NYSE:ENS traded down $0.53 during mid-day trading on Friday, hitting $106.87. 260,949 shares of the company's stock traded hands, compared to its average volume of 274,504. The company has a fifty day moving average of $96.08 and a 200 day moving average of $91.75. Enersys has a twelve month low of $76.57 and a twelve month high of $107.87. The company has a market capitalization of $4.00 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results 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 company had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same period in the prior year, the company posted $1.98 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently disclosed 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. This is a boost from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's dividend payout ratio is currently 11.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENS. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer restated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $118.33.

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.