MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 25,235 Shares of Enersys $ENS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Enersys by 4.7%, selling 25,235 shares, and now owns 1.31% of the company valued at $47 million.
• Enersys recently announced a quarterly dividend increase to $0.2625 per share, boosting the annual yield to 1.0%, with the payment date set for September 26th.
• Analysts maintain a positive outlook for Enersys, with an average target price of $118.33 and several firms reiterating "buy" ratings.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of Enersys (NYSE:ENS - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 514,786 shares of the industrial products company's stock after selling 25,235 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.31% of Enersys worth $47,299,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENS. Caitong International Asset Management Co. Ltd grew its position in 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 valued at $31,000 after purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc purchased a new stake in Enersys during the 1st quarter valued at about $36,000. UMB Bank n.a. grew its position in Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $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 valued at about $69,000. Finally, Parallel Advisors LLC boosted its holdings 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 valued at $87,000 after acquiring an additional 324 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enersys Price Performance

Shares of ENS stock traded up $0.17 on Friday, hitting $107.31. 87,769 shares of the stock traded hands, compared to its average volume of 363,819. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.60 and a beta of 1.09. Enersys has a 52 week low of $76.57 and a 52 week high of $107.60. The firm has a 50 day simple moving average of $95.74 and a two-hundred day simple moving average of $91.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91.

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, beating the consensus estimate of $2.05 by $0.03. The firm 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 revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.98 EPS. As a group, equities research analysts predict that Enersys will post 9.99 earnings per share for the current fiscal 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 given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is 11.99%.

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.