EntryPoint Capital LLC Has $820,000 Stock Position in 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 boosted its position in shares of Enersys (NYSE:ENS - Free Report) by 112.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,952 shares of the industrial products company's stock after purchasing an additional 4,743 shares during the period. Enersys accounts for approximately 0.4% of EntryPoint Capital LLC's portfolio, making the stock its 12th biggest position. EntryPoint Capital LLC's holdings in Enersys were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENS. Cerity Partners LLC raised its holdings in 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 in the last quarter. Raymond James Financial Inc. bought a new position in Enersys during the fourth quarter valued at about $561,000. Mariner LLC raised its holdings in 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 in the last quarter. Marshall Wace LLP raised its holdings in 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 in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in 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 in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Andrea J. Funk purchased 315 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the purchase, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shawn M. O'connell purchased 475 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the purchase, the chief executive officer directly 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 disclosure for this purchase can be found here. Insiders have purchased 1,085 shares of company stock worth $89,726 over the last 90 days. Corporate insiders own 0.91% of the company's stock.

Enersys Price Performance

NYSE ENS opened at $99.8780 on Wednesday. Enersys has a twelve month low of $76.57 and a twelve month high of $104.36. 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 stock has a market capitalization of $3.74 billion, a PE ratio of 11.40, a P/E/G ratio of 0.57 and a beta of 1.08. The stock has a 50-day simple moving average of $90.25 and a 200 day simple moving average of $91.45.

Enersys (NYSE:ENS - Get Free Report) last posted 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. 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 analysts' expectations of $848.02 million. During the same quarter in the previous year, the firm earned $1.98 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Enersys will post 9.99 EPS for the current 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 paid a dividend of $0.2625 per share. 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%. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio is presently 10.96%.

Analyst Ratings Changes

Several equities analysts have weighed in on ENS shares. Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Wall Street Zen lowered Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Mkm reiterated a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Finally, Roth Capital reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $118.33.

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.

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