Enersys $ENS Shares Sold 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 cut its holdings in shares of Enersys (NYSE:ENS - Free Report) by 57.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Enersys by 1.0% during the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock worth $1,233,000 after purchasing an additional 135 shares in the last quarter. Heritage Family Offices LLP increased its position in shares of Enersys by 7.1% in the 1st quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock valued at $246,000 after acquiring an additional 177 shares during the period. Assetmark Inc. increased its position in shares of Enersys by 3.0% in the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 193 shares during the period. US Bancorp DE increased its position in shares of Enersys by 3.6% in the 1st quarter. US Bancorp DE now owns 6,121 shares of the industrial products company's stock valued at $561,000 after acquiring an additional 211 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Enersys by 8.3% in the 4th quarter. Quantinno Capital Management LP now owns 3,261 shares of the industrial products company's stock valued at $301,000 after acquiring an additional 251 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Stock Performance

NYSE:ENS traded down $0.53 during mid-day trading on Friday, hitting $106.87. The company's stock had a trading volume of 260,949 shares, compared to its average volume of 274,504. Enersys has a 1 year low of $76.57 and a 1 year high of $107.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.61 and a beta of 1.09. The business's fifty day moving average is $96.08 and its two-hundred day moving average is $91.75.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results 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. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same period in the prior year, the company earned $1.98 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. Analysts anticipate 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 issued a $0.2625 dividend. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.0%. Enersys's dividend payout ratio is currently 11.99%.

Analyst Ratings Changes

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