Enersys $ENS Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Enersys by 16.8%, selling 8,600 shares and holding 42,600 shares worth approximately $3.9 million as of the last quarter.
• Enersys recently declared a quarterly dividend of $0.2625 per share, representing a 1.0% dividend yield and an increase from the previous dividend of $0.24.
• Enersys’ stock has received multiple "buy" ratings from analysts, with a consensus price target of $118.33 and a recent trading price of $103.68.

Bridgeway Capital Management LLC reduced its position in Enersys (NYSE:ENS - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,600 shares of the industrial products company's stock after selling 8,600 shares during the quarter. Bridgeway Capital Management LLC owned about 0.11% of Enersys worth $3,901,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after purchasing an additional 325 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Enersys in the first quarter valued at about $36,000. UMB Bank n.a. boosted its holdings in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after buying an additional 284 shares in the last quarter. CX Institutional acquired a new position in Enersys during the first quarter worth about $69,000. Finally, Parallel Advisors LLC increased its holdings in Enersys by 51.7% in the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after buying an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ENS. Roth Capital reissued a "buy" rating and set a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Wall Street Zen raised Enersys from a "hold" rating to a "buy" rating in a research note on Saturday. Roth Mkm reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a research report on Wednesday, May 14th. Finally, Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Enersys has a consensus rating of "Buy" and a consensus target price of $118.33.

Enersys Trading Up 0.8%

Shares of Enersys stock traded up $0.86 during mid-day trading on Wednesday, hitting $104.63. 134,673 shares of the stock were exchanged, compared to its average volume of 365,695. The company has a 50-day simple moving average of $95.10 and a 200 day simple moving average of $91.73. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09. Enersys has a twelve month low of $76.57 and a twelve month high of $105.35.

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. The business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm 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 $0.2625 dividend. This is a positive change 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%.

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.