Quantbot Technologies LP Purchases 13,990 Shares of Enersys $ENS

Key Points

• Quantbot Technologies LP increased its stake in Enersys by 95.2%, acquiring 13,990 additional shares, bringing its total to 28,689 shares valued at approximately $2.63 million.
• Enersys reported $893 million in revenue for the last quarter, surpassing analyst expectations and showing a 4.7% year-over-year increase.
• The company declared a quarterly dividend of $0.2625 per share, marking an increase from the previous dividend of $0.24, with a current dividend yield of 1.1%.

Quantbot Technologies LP boosted its position in shares of Enersys (NYSE:ENS - Free Report) by 95.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,689 shares of the industrial products company's stock after acquiring an additional 13,990 shares during the period. Quantbot Technologies LP owned 0.07% of Enersys worth $2,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ENS. Cerity Partners LLC raised its position in shares of Enersys by 51.5% during the fourth quarter. Cerity Partners LLC now owns 4,607 shares of the industrial products company's stock valued at $434,000 after buying an additional 1,566 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Enersys during the fourth quarter valued at approximately $561,000. Mariner LLC raised its position in shares of Enersys by 3.4% during the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after buying an additional 147 shares during the last quarter. Marshall Wace LLP raised its position in shares of Enersys by 19.9% during the fourth quarter. Marshall Wace LLP now owns 13,818 shares of the industrial products company's stock valued at $1,277,000 after buying an additional 2,291 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Enersys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. Institutional investors own 94.93% of the company's stock.

Enersys Trading Down 0.1%

Shares of ENS traded down $0.08 during trading hours on Tuesday, reaching $101.37. 37,685 shares of the company traded hands, compared to its average volume of 368,736. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.58 and a beta of 1.08. Enersys has a 12-month low of $76.57 and a 12-month high of $104.36. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock's fifty day moving average price is $91.20 and its 200 day moving average price is $91.54.

Enersys (NYSE:ENS - Get Free Report) last issued its 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 net margin of 9.60% and a return on equity of 21.99%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. Sell-side analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.2625 dividend. 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 annualized dividend and a dividend yield of 1.0%. Enersys's dividend payout ratio is presently 10.96%.

Wall Street Analysts Forecast Growth

ENS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Finally, Roth Capital reaffirmed a "buy" rating and set 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, Based on data from MarketBeat.com, Enersys presently has a consensus rating of "Buy" and an average price target of $118.33.

Insider Buying and Selling at Enersys

In other news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

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.