Moody National Bank Trust Division Purchases 2,794 Shares of Enersys $ENS

Key Points

• Moody National Bank Trust Division increased its stake in Enersys by 23.0% in the second quarter, owning 14,921 shares valued at approximately $1.28 million by the end of the reporting period.
• Enersys has a consensus rating of "Buy" among analysts, with a consensus price target of $118.33, despite one firm lowering its rating from "buy" to "hold."
• The company reported $2.08 earnings per share in its latest quarterly earnings, exceeding estimates and showing a 4.7% revenue increase year-over-year.

Moody National Bank Trust Division grew its holdings in shares of Enersys (NYSE:ENS - Free Report) by 23.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,921 shares of the industrial products company's stock after acquiring an additional 2,794 shares during the period. Moody National Bank Trust Division's holdings in Enersys were worth $1,280,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Enersys by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock worth $139,320,000 after buying an additional 43,615 shares during the last quarter. Millennium Management LLC raised its stake in Enersys by 48.9% during the first quarter. Millennium Management LLC now owns 617,475 shares of the industrial products company's stock worth $56,548,000 after buying an additional 202,727 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Enersys by 1.1% during the first quarter. Paradigm Capital Management Inc. NY now owns 483,300 shares of the industrial products company's stock worth $44,261,000 after buying an additional 5,328 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Enersys by 1.0% during the first quarter. Segall Bryant & Hamill LLC now owns 416,381 shares of the industrial products company's stock worth $38,132,000 after buying an additional 4,012 shares during the last quarter. Finally, Nuveen LLC bought a new position in Enersys during the first quarter worth $29,695,000. Institutional investors own 94.93% of the company's stock.

Enersys Stock Down 1.5%

Enersys stock traded down $1.62 during midday trading on Friday, hitting $109.75. 1,125,644 shares of the stock were exchanged, compared to its average volume of 287,969. Enersys has a 52-week low of $76.57 and a 52-week high of $111.74. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09. The business's 50-day moving average price is $98.14 and its 200-day moving average price is $92.12. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. On average, research analysts expect that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The company 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 dividend of $0.2625 per share. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. Enersys's payout ratio is currently 11.99%.

Analysts Set New Price Targets

ENS has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Enersys from a "buy" rating to a "hold" rating in a research note on Saturday. Roth Capital reaffirmed a "buy" rating and issued a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer reaffirmed 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 MarketBeat, the stock currently has an average 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.