Invesco Ltd. Lowers Stock Holdings in Enersys $ENS

Key Points

• Invesco Ltd. has decreased its ownership in Enersys by 3.3%, selling 40,851 shares, and now holds approximately 3.06% of the company, valued at $110.67 million.
• Enersys reported a quarterly EPS of $2.08, surpassing estimates by $0.03, with revenues of $893 million, reflecting a 4.7% year-over-year increase.
• The company has increased its quarterly dividend to $0.2625 per share, marking a positive change from the previous $0.24 dividend.

Invesco Ltd. lowered its position in shares of Enersys (NYSE:ENS - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,208,458 shares of the industrial products company's stock after selling 40,851 shares during the quarter. Invesco Ltd. owned approximately 3.06% of Enersys worth $110,671,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Enersys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 204 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings 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 acquiring an additional 100 shares during the last quarter. CX Institutional acquired a new position in shares of Enersys during the first quarter valued at approximately $69,000. Finally, Parallel Advisors LLC raised its holdings in shares of Enersys by 51.7% during the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Insider Activity at Enersys

In other Enersys news, CEO Shawn M. O'connell acquired 475 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrea J. Funk acquired 315 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, 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 over the last quarter. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Roth Capital reaffirmed a "buy" rating and issued a $120.00 price target on shares of Enersys in a report on Tuesday, August 5th. Wall Street Zen cut Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $118.33.

Enersys Trading Up 0.4%

Enersys stock traded up $0.3480 during mid-day trading on Thursday, hitting $97.9680. The company's stock had a trading volume of 245,637 shares, compared to its average volume of 360,955. The firm has a market capitalization of $3.67 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. Enersys has a 1 year low of $76.57 and a 1 year 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 is $90.59 and its two-hundred day moving average is $91.52.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.98 earnings per share. On average, analysts anticipate that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm 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 a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.1%. Enersys's dividend payout ratio (DPR) is currently 10.96%.

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.