Hill City Capital LP Increases Position in Enersys $ENS

Key Points

• Hill City Capital LP increased its stake in Enersys by 14.4% during Q1, owning 317,500 shares valued at approximately $29 million.
• Enersys announced a quarterly dividend increase to $0.2625 per share, reflecting a yield of 1.0%, with the ex-dividend date set for September 12.
• Analysts have varying views on Enersys, with Roth Capital maintaining a $120.00 price target, while Wall Street Zen downgraded it to a "hold" rating.

Hill City Capital LP raised its stake in Enersys (NYSE:ENS - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 317,500 shares of the industrial products company's stock after purchasing an additional 40,000 shares during the quarter. Enersys accounts for 2.2% of Hill City Capital LP's portfolio, making the stock its 13th biggest position. Hill City Capital LP owned 0.81% of Enersys worth $29,077,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENS. Aquatic Capital Management LLC grew its stake in shares of Enersys by 2.5% in the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after acquiring an additional 133 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Enersys by 1.0% in the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock worth $1,233,000 after acquiring an additional 135 shares during the last quarter. Mariner LLC lifted its holdings in shares of Enersys by 3.4% during the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 147 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Enersys by 7.1% during the first quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 177 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Enersys by 3.0% during the first quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

ENS has been the topic of a number of recent research reports. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. 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. Finally, Wall Street Zen cut Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $118.33.

Enersys Price Performance

NYSE ENS traded up $0.46 during trading on Friday, hitting $102.71. 374,430 shares of the stock traded hands, compared to its average volume of 352,040. The company has a market capitalization of $3.85 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The firm has a 50-day simple moving average of $92.69 and a 200-day simple moving average of $91.64. 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 has a 12-month low of $76.57 and a 12-month 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. The business had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. As a group, analysts predict that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The business 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 $0.2625 dividend. This is a positive change from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. 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.