Equitable Trust Co. Purchases 3,005 Shares of The Ensign Group, Inc. $ENSG

Key Points

• Equitable Trust Co. increased its stake in The Ensign Group by 59.6%, acquiring an additional 3,005 shares during the second quarter, bringing its total holdings to 8,051 shares valued at approximately $1.24 million.
• The Ensign Group reported earnings of $1.59 per share for the previous quarter, surpassing analysts' expectations, with revenues of $1.23 billion, a year-over-year increase of 18.5%.
• The company announced a quarterly dividend of $0.0625 per share, with investors of record set to receive the payment on October 31st, reflecting a low dividend yield of 0.1%.

Equitable Trust Co. increased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 59.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,051 shares of the company's stock after purchasing an additional 3,005 shares during the quarter. Equitable Trust Co.'s holdings in The Ensign Group were worth $1,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of The Ensign Group in the 2nd quarter valued at about $28,000. Rise Advisors LLC raised its holdings in The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after acquiring an additional 106 shares during the period. WPG Advisers LLC bought a new position in The Ensign Group in the 1st quarter valued at about $27,000. TCTC Holdings LLC raised its holdings in The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock valued at $27,000 after acquiring an additional 112 shares during the period. Finally, Maseco LLP bought a new position in The Ensign Group in the 2nd quarter valued at about $36,000. 96.12% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the sale, the director owned 27,052 shares in the company, valued at approximately $4,654,567.12. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.90% of the company's stock.

The Ensign Group Stock Performance

Shares of NASDAQ:ENSG opened at $178.00 on Wednesday. The company's 50 day moving average price is $169.78 and its two-hundred day moving average price is $151.37. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $179.27. The firm has a market cap of $10.27 billion, a PE ratio of 32.30, a PEG ratio of 2.03 and a beta of 0.93. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Equities research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group's dividend payout ratio (DPR) is currently 4.54%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of The Ensign Group in a report on Wednesday, October 8th. Stephens increased their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. UBS Group increased their price target on shares of The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, Truist Financial set a $190.00 price target on shares of The Ensign Group in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and an average target price of $176.83.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.

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