Lingohr Asset Management GmbH Sells 60,500 Shares of Enersys $ENS

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in Enersys by 94.9%, selling 60,500 shares during the second quarter and now holding just 3,221 shares valued at $276,000.
• Institutional investors now own about 94.93% of Enersys's stock, with several funds, including Caitong International Asset Management and UMB Bank, significantly increasing their holdings in recent months.
• Enersys recently raised its quarterly dividend from $0.24 to $0.2625 per share, representing an annualized yield of 1.0% and a payout ratio of 11.99%.

Lingohr Asset Management GmbH trimmed its holdings in Enersys (NYSE:ENS - Free Report) by 94.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the industrial products company's stock after selling 60,500 shares during the period. Lingohr Asset Management GmbH's holdings in Enersys were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ENS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Enersys by 2,500.0% in the first 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 in the last quarter. Gen Wealth Partners Inc bought a new position in Enersys during the 1st quarter valued at $36,000. UMB Bank n.a. lifted its stake 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 acquiring an additional 284 shares in the last quarter. CX Institutional bought a new position in Enersys during the 1st quarter valued at $69,000. Finally, Parallel Advisors LLC lifted its position in shares of Enersys by 51.7% during the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 324 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Enersys Price Performance

NYSE ENS traded down $1.24 during trading on Friday, reaching $110.13. The company's stock had a trading volume of 189,708 shares, compared to its average volume of 363,282. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The firm has a fifty day moving average of $97.70 and a 200 day moving average of $92.10. The stock has a market capitalization of $4.13 billion, a PE ratio of 12.56, a P/E/G ratio of 0.61 and a beta of 1.09. Enersys has a one year low of $76.57 and a one year high of $111.74.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. The business had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 earnings per share. Analysts expect that Enersys will post 9.99 EPS for the current fiscal 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 given a dividend of $0.2625 per share. The ex-dividend date is Friday, September 12th. This is an increase from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. Enersys's dividend payout ratio (DPR) is 11.99%.

Analysts Set New Price Targets

ENS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Roth Capital reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer reiterated 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, Based on data from MarketBeat, Enersys presently has an average rating of "Buy" and a consensus price target of $118.33.

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.