Deutsche Bank AG Boosts Stake in Enersys $ENS

Key Points

• Deutsche Bank AG increased its stake in Enersys by 100.6%, owning 106,776 shares worth approximately $9.78 million as of the latest 13F filing.
• Enersys reported earnings of $2.08 per share for the quarter, exceeding estimates, with revenue of $893 million, a year-over-year increase of 4.7%.
• The company announced a dividend increase to $0.2625 per share, marking a rise from its previous $0.24 dividend, scheduled for payment on September 26th.

Deutsche Bank AG grew its holdings in Enersys (NYSE:ENS - Free Report) by 100.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,776 shares of the industrial products company's stock after acquiring an additional 53,537 shares during the period. Deutsche Bank AG owned about 0.27% of Enersys worth $9,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its position in shares of Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after buying an additional 100 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of Enersys by 2.5% in the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after buying an additional 133 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Enersys by 1.0% in the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock worth $1,233,000 after buying an additional 135 shares in the last quarter. Mariner LLC lifted its position in shares of Enersys by 3.4% in the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock worth $412,000 after buying an additional 147 shares in the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Enersys by 7.1% in the first quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock worth $246,000 after buying an additional 177 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Trading Up 0.1%

Shares of ENS traded up $0.13 during mid-day trading on Tuesday, reaching $99.76. 147,718 shares of the company's stock traded hands, compared to its average volume of 372,209. The stock has a market cap of $3.74 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.56 and a beta of 1.08. The stock's 50-day moving average is $90.04 and its two-hundred day moving average is $91.39. Enersys has a 12 month low of $76.57 and a 12 month high of $104.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Research analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently declared 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 a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%. Enersys's dividend payout ratio (DPR) is presently 10.96%.

Analyst Upgrades and Downgrades

ENS has been the topic of a number of research analyst reports. Wall Street Zen downgraded 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 set a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Finally, Roth Capital reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Enersys has a consensus rating of "Buy" and an average target price of $118.33.

Insider Buying and Selling

In other news, CEO Shawn M. O'connell purchased 475 shares of the 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 acquisition, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Andrea J. Funk purchased 315 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares of the company's stock, valued at $4,061,729. This trade represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,085 shares of company stock valued at $89,726 in the last quarter. 0.91% of the stock is owned by company 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.