Foundry Partners LLC Grows Stake in Enersys (NYSE:ENS)

Foundry Partners LLC raised its holdings in Enersys (NYSE:ENS - Free Report) by 41.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,374 shares of the industrial products company's stock after purchasing an additional 19,607 shares during the period. Foundry Partners LLC owned about 0.17% of Enersys worth $6,170,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in Enersys by 23.1% during the first quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock worth $645,000 after buying an additional 1,323 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Enersys by 74.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock worth $6,339,000 after buying an additional 29,268 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Enersys by 11.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock worth $1,077,000 after buying an additional 1,165 shares during the last quarter. GAMMA Investing LLC boosted its stake in Enersys by 284.6% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock worth $123,000 after buying an additional 996 shares during the last quarter. Finally, CX Institutional acquired a new position in Enersys during the first quarter worth $69,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enersys news, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer owned 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Shawn M. O'connell bought 475 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired 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 in the company, valued at approximately $3,604,192.80. This represents a 1.12% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock valued at $89,726 over the last ninety days. 0.91% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Enersys Stock Up 2.1%

Shares of ENS traded up $1.86 during mid-day trading on Tuesday, reaching $90.45. The company's stock had a trading volume of 230,645 shares, compared to its average volume of 323,310. Enersys has a 12-month low of $76.57 and a 12-month high of $112.53. The stock has a market cap of $3.55 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.51 and a beta of 1.07. 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's 50 day moving average is $88.12 and its 200 day moving average is $91.64.

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

Enersys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders 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 1.06%. Enersys's payout ratio is 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.