EP Wealth Advisors LLC Acquires New Position in Enersys $ENS

Key Points

• EP Wealth Advisors LLC has acquired 2,497 shares of Enersys, valued at approximately $229,000, indicating growing institutional interest in the company.
• Wall Street analysts have upgraded Enersys from a "hold" to a "buy" rating, with a consensus price target of $118.33.
• Enersys recently announced an increase in its quarterly dividend to $0.2625 per share, representing an annualized yield of 1.0%.

EP Wealth Advisors LLC acquired a new position in shares of Enersys (NYSE:ENS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,497 shares of the industrial products company's stock, valued at approximately $229,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Enersys by 2,500.0% in 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 purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc acquired a new stake in Enersys in the 1st quarter valued at about $36,000. UMB Bank n.a. lifted its stake in Enersys by 197.2% in the 1st 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 during the last quarter. CX Institutional acquired a new stake in Enersys in the 1st quarter valued at about $69,000. Finally, Parallel Advisors LLC lifted its stake in Enersys by 51.7% in the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 324 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ENS shares. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $118.33.

Enersys Stock Performance

Shares of ENS traded up $0.80 during mid-day trading on Monday, hitting $107.68. 311,117 shares of the company's stock were exchanged, compared to its average volume of 274,504. Enersys has a 52 week low of $76.57 and a 52 week high of $108.79. The stock's 50-day simple moving average is $96.47 and its 200-day simple moving average is $91.79. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68.

Enersys (NYSE:ENS - Get Free Report) last announced 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 net margin of 9.60% and a return on equity of 21.99%. The company had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. During the same period last year, the firm earned $1.98 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.2625 per share. This is a boost from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's payout ratio is 11.99%.

Enersys Company 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.