EntryPoint Capital LLC Buys 4,743 Shares of Enersys $ENS

Key Points

• EntryPoint Capital LLC increased its stake in Enersys by 112.7% in Q1, now holding 8,952 shares valued at $820,000, making it the 12th largest position in their portfolio.
• In the most recent quarter, Enersys reported earnings of $2.08 per share, surpassing estimates, with a revenue of $893 million, a 4.7% increase from the previous year.
• Enersys has declared an increase in its quarterly dividend to $0.2625 per share, with the stock yielding approximately 1.1%, payable on September 26th to eligible shareholders.

EntryPoint Capital LLC raised its position in Enersys (NYSE:ENS - Free Report) by 112.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,952 shares of the industrial products company's stock after purchasing an additional 4,743 shares during the quarter. Enersys comprises approximately 0.4% of EntryPoint Capital LLC's investment portfolio, making the stock its 12th biggest holding. EntryPoint Capital LLC's holdings in Enersys were worth $820,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Quarry LP grew its holdings in Enersys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after acquiring an additional 204 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 325 shares in the last quarter. Gen Wealth Partners Inc purchased a new stake in Enersys in the 1st quarter worth approximately $36,000. UMB Bank n.a. grew its stake in Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Enersys by 25.0% during the 4th 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. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Stock Performance

Enersys stock traded down $0.84 on Monday, hitting $101.17. The company's stock had a trading volume of 93,342 shares, compared to its average volume of 369,487. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $90.90 and a 200-day moving average price of $91.53. The firm has a market cap of $3.79 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. Enersys has a one year low of $76.57 and a one year high of $104.36.

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

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is an increase from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. Enersys's dividend payout ratio is 10.96%.

Analysts Set New Price Targets

A number of analysts have weighed in on ENS shares. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Roth Mkm reaffirmed a "buy" rating and set a $120.00 target price on shares of Enersys in a research report on Wednesday, May 14th. Finally, Wall Street Zen lowered shares of Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average 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 the firm's stock in a transaction on Friday, May 30th. The shares were purchased at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the purchase, the chief executive officer owned 43,030 shares of the company's stock, valued at $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently 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.