Intech Investment Management LLC Has $2.72 Million Holdings in Enersys $ENS

Key Points

• Intech Investment Management LLC increased its stake in Enersys by 13.4%, acquiring an additional 3,512 shares, bringing its total to 29,706 shares worth approximately $2.72 million.
• Enersys reported earnings of $2.08 per share for the last quarter, exceeding analysts' expectations, and revenue of $893 million, marking a 4.7% year-over-year increase.
• The company declared a quarterly dividend of $0.2625, representing a 1.0% yield and an increase from its previous dividend, reflecting a commitment to returning value to shareholders.

Intech Investment Management LLC increased its position in shares of Enersys (NYSE:ENS - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,706 shares of the industrial products company's stock after buying an additional 3,512 shares during the period. Intech Investment Management LLC owned about 0.08% of Enersys worth $2,720,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENS. Cetera Investment Advisers grew its holdings in Enersys by 13.7% during the 4th quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock worth $765,000 after acquiring an additional 997 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after buying an additional 404,204 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Enersys by 3.8% in the 4th quarter. Nuveen Asset Management LLC now owns 232,094 shares of the industrial products company's stock valued at $21,452,000 after buying an additional 8,587 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Enersys by 9.9% in the 4th quarter. Nomura Holdings Inc. now owns 17,303 shares of the industrial products company's stock valued at $1,599,000 after buying an additional 1,557 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Enersys by 8.3% in the 4th quarter. Quantinno Capital Management LP now owns 3,261 shares of the industrial products company's stock valued at $301,000 after buying an additional 251 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Price Performance

Shares of ENS stock traded down $1.62 during midday trading on Friday, reaching $109.75. 1,125,644 shares of the company were exchanged, compared to its average volume of 287,969. Enersys has a 12 month low of $76.57 and a 12 month high of $111.74. The company has a market cap of $4.11 billion, a P/E ratio of 12.53, a PEG ratio of 0.63 and a beta of 1.09. The company's 50 day moving average price is $98.14 and its two-hundred day moving average price is $92.18. 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 released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same period in the previous year, the firm earned $1.98 EPS. Enersys's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued 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 an increase from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is presently 11.99%.

Analysts Set New Price Targets

A number of research firms have issued reports on ENS. Roth Capital reissued a "buy" rating and set a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Enersys from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.