Enersys $ENS Stock Holdings Trimmed by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its holdings in Enersys by 57.2% during the first quarter, now owning 3,248 shares valued at approximately $297,000.
• Enersys reported earnings of $2.08 per share for the last quarter, surpassing analysts' expectations and demonstrating a 4.7% increase in revenue year-over-year.
• The company announced an increase in its quarterly dividend to $0.2625 per share, with a dividend yield of 1.0%, reflecting a positive change from the previous quarter's payout.

Petrus Trust Company LTA lowered its holdings in shares of Enersys (NYSE:ENS - Free Report) by 57.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,248 shares of the industrial products company's stock after selling 4,332 shares during the period. Petrus Trust Company LTA's holdings in Enersys were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in Enersys by 23.1% during the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 1,323 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Enersys by 74.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock valued at $6,339,000 after acquiring an additional 29,268 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enersys by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock worth $1,077,000 after buying an additional 1,165 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Enersys by 284.6% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock worth $123,000 after buying an additional 996 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of Enersys in the 1st quarter worth $69,000. Institutional investors own 94.93% of the company's stock.

Enersys Trading Up 0.5%

Shares of NYSE ENS opened at $104.40 on Tuesday. Enersys has a 12 month low of $76.57 and a 12 month high of $104.87. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.59 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $94.81 and a 200-day simple moving average of $91.65.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same period in the previous year, the firm earned $1.98 earnings per share. Enersys's quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Enersys will post 9.99 EPS for the current 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 issued a dividend of $0.2625 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is currently 10.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ENS. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Roth Capital reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Finally, Wall Street Zen raised Enersys from a "hold" rating to a "buy" rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $118.33.

About Enersys

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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