Graham Capital Management L.P. Purchases 8,394 Shares of Enersys $ENS

Key Points

• Graham Capital Management L.P. increased its stake in Enersys by 104.1% in the first quarter, acquiring an additional 8,394 shares, bringing its total holdings to 16,457 shares worth approximately $1.5 million.
• Multiple institutional investors have also boosted their positions in Enersys, highlighting strong institutional interest with nearly 95% of the stock owned by hedge funds and other institutional investors.
• The company recently declared a quarterly dividend increase to $0.2625, reflecting a commitment to returning value to shareholders, with an annualized yield of approximately 1.0%.

Graham Capital Management L.P. raised its position in Enersys (NYSE:ENS - Free Report) by 104.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,457 shares of the industrial products company's stock after acquiring an additional 8,394 shares during the quarter. Graham Capital Management L.P.'s holdings in Enersys were worth $1,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. increased its position in Enersys by 23.1% in 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in Enersys by 74.5% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Enersys by 11.0% in 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 in the last quarter. GAMMA Investing LLC increased its position in Enersys by 284.6% in 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 in the last quarter. Finally, CX Institutional purchased a new stake in Enersys in the first quarter worth about $69,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ENS. Wall Street Zen cut Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Roth Capital reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a research report on Tuesday, August 5th. Roth Mkm reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a research report on Wednesday, May 14th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $118.33.

Enersys Stock Performance

NYSE ENS opened at $102.20 on Wednesday. The stock has a market capitalization of $3.83 billion, a PE ratio of 11.67, a P/E/G ratio of 0.58 and a beta of 1.09. The business has a 50 day simple moving average of $93.44 and a two-hundred day simple moving average of $91.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating 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 last year, the business posted $1.98 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts predict that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.2625 dividend. This is a boost from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is presently 10.96%.

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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