Earnest Partners LLC Reduces Holdings in Enersys $ENS

Key Points

• Earnest Partners LLC reduced its stake in Enersys by 2.4%, now owning 1,096,151 shares valued at approximately $100.4 million.
• Enersys announced a quarterly dividend increase to $0.2625 per share, with a dividend yield of 1.0%.
• Analysts have a consensus rating of "Buy" for Enersys, with an average price target of $118.33.

Earnest Partners LLC cut its stake in Enersys (NYSE:ENS - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,096,151 shares of the industrial products company's stock after selling 26,692 shares during the quarter. Earnest Partners LLC owned approximately 2.78% of Enersys worth $100,386,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings 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. Allspring Global Investments Holdings LLC lifted its holdings 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. Wealth Enhancement Advisory Services LLC lifted its holdings 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. GAMMA Investing LLC increased its position in shares of 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 buying an additional 996 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Enersys during the 1st quarter worth approximately $69,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Price Performance

Shares of ENS traded up $0.46 during trading hours on Monday, hitting $102.71. 374,430 shares of the stock were exchanged, compared to its average volume of 357,912. 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 has a 12-month low of $76.57 and a 12-month high of $104.36. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. The stock's 50-day moving average price is $92.69 and its two-hundred day moving average price is $91.57.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results 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. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. During the same period in the previous year, the business earned $1.98 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect 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. Investors of record on Friday, September 12th will be given a dividend of $0.2625 per share. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. Enersys's dividend payout ratio (DPR) is presently 10.96%.

Wall Street Analysts Forecast Growth

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