First National Advisers LLC Buys New Position in Enersys (NYSE:ENS)

Key Points

• First National Advisers LLC invested approximately $417,000 in Enersys by purchasing 4,549 shares during the first quarter.
• Enersys announced a quarterly dividend of $0.24 per share, equating to an annualized dividend yield of 1.02%, with a payout ratio of 10.65%.
• Research analysts have upgraded Enersys' stock from a "buy" to a "strong-buy" rating, reflecting positive sentiment on its growth potential.

First National Advisers LLC purchased a new stake in Enersys (NYSE:ENS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,549 shares of the industrial products company's stock, valued at approximately $417,000.

Several other institutional investors have also added to or reduced their stakes in ENS. Norges Bank acquired a new position in Enersys in the 4th quarter valued at $49,222,000. Millennium Management LLC raised its holdings in Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after acquiring an additional 404,204 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Enersys by 113.0% during the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after buying an additional 158,617 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Enersys by 35,119.1% during the 1st quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after buying an additional 122,917 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Enersys by 13.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock worth $95,021,000 after buying an additional 121,758 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Shawn M. O'connell purchased 475 shares of Enersys stock in a transaction 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 transaction, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrea J. Funk purchased 315 shares of Enersys stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the transaction, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. The trade was a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,085 shares of company stock worth $89,726 in the last 90 days. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of research analyst reports. Roth Capital reissued a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm reissued a "buy" rating and set a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th. Finally, Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th.

Enersys Price Performance

ENS stock traded down $0.52 during midday trading on Thursday, reaching $92.15. 102,046 shares of the stock were exchanged, compared to its average volume of 369,364. The stock has a market capitalization of $3.61 billion, a PE ratio of 10.24, a P/E/G ratio of 0.54 and a beta of 1.07. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. The company has a fifty day moving average price of $87.13 and a 200 day moving average price of $91.65.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. The business had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. Enersys had a return on equity of 22.12% and a net margin of 10.05%. Enersys's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. As a group, analysts expect that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. Enersys's dividend payout ratio is currently 10.65%.

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.