Enersys $ENS Stake Lowered by Lingohr Asset Management GmbH

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 cut its stake in shares of Enersys (NYSE:ENS - Free Report) by 94.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,221 shares of the industrial products company's stock after selling 60,500 shares during the quarter. Lingohr Asset Management GmbH's holdings in Enersys were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ENS. Caitong International Asset Management Co. Ltd grew its holdings in Enersys by 2,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after buying an additional 325 shares in the last quarter. Gen Wealth Partners Inc bought a new position in Enersys in the 1st quarter worth approximately $36,000. UMB Bank n.a. grew its holdings in Enersys by 197.2% in the 1st 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 bought a new position in Enersys in the 1st quarter worth approximately $69,000. Finally, Parallel Advisors LLC grew its holdings in Enersys by 51.7% in the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock worth $87,000 after buying an additional 324 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Enersys Stock Performance

Shares of NYSE ENS opened at $106.87 on Monday. The stock has a fifty day moving average price of $96.08 and a two-hundred day moving average price of $91.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The firm has a market cap of $4.00 billion, a P/E ratio of 12.20, a PEG ratio of 0.61 and a beta of 1.09. Enersys has a 1 year low of $76.57 and a 1 year high of $107.87.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. The firm had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. Research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

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

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