Quantbot Technologies LP Increases Position in 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 grew its position in shares of Enersys (NYSE:ENS - Free Report) by 95.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,689 shares of the industrial products company's stock after purchasing an additional 13,990 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of Enersys worth $2,627,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Enersys by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock worth $139,320,000 after purchasing an additional 43,615 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Enersys by 1.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock worth $122,262,000 after purchasing an additional 13,786 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Enersys by 13.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock worth $95,021,000 after purchasing an additional 121,758 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Enersys by 6.2% during the fourth quarter. Northern Trust Corp now owns 607,105 shares of the industrial products company's stock worth $56,115,000 after purchasing an additional 35,667 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its holdings in shares of Enersys by 3.3% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 477,972 shares of the industrial products company's stock worth $44,179,000 after purchasing an additional 15,472 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Stock Performance

NYSE:ENS traded down $0.7920 during mid-day trading on Monday, reaching $101.2180. The stock had a trading volume of 173,654 shares, compared to its average volume of 369,975. 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 capitalization of $3.79 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.58 and a beta of 1.08. Enersys has a twelve month low of $76.57 and a twelve month high of $104.36. The business has a 50 day simple moving average of $90.90 and a 200 day simple moving average of $91.53.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.98 earnings per share. On average, analysts expect that Enersys will post 9.99 earnings per share for the current fiscal 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 given 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 dividend on an annualized basis and a yield of 1.0%. Enersys's payout ratio is 10.96%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ENS shares. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Wall Street Zen cut shares of Enersys from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Roth Capital reiterated a "buy" rating and set a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Finally, Roth Mkm reissued a "buy" rating and set a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th. Three research 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 target price of $118.33.

Insider Buying and Selling

In other news, CEO Shawn M. O'connell acquired 475 shares of Enersys stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

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.