Ieq Capital LLC Boosts Position in Enersys $ENS

Key Points

• Ieq Capital LLC increased its stock position in Enersys by 175.8% during the first quarter, owning 6,049 shares worth approximately $554,000.
• Enersys has a consensus rating of "Buy" from analysts, with a target price of $118.33 after recent reports from Roth Mkm and Oppenheimer.
• The company announced a quarterly dividend increase to $0.2625 per share, representing a 1.0% yield, with the ex-dividend date on September 12th.

Ieq Capital LLC raised its stake in Enersys (NYSE:ENS - Free Report) by 175.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,049 shares of the industrial products company's stock after purchasing an additional 3,856 shares during the quarter. Ieq Capital LLC's holdings in Enersys were worth $554,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hill City Capital LP boosted its holdings in shares of Enersys by 14.4% during the first quarter. Hill City Capital LP now owns 317,500 shares of the industrial products company's stock worth $29,077,000 after purchasing an additional 40,000 shares during the period. Aristides Capital LLC acquired a new stake in shares of Enersys in the first quarter worth $256,000. Mirova grew its position in shares of Enersys by 69.3% in the first quarter. Mirova now owns 43,374 shares of the industrial products company's stock valued at $3,972,000 after purchasing an additional 17,748 shares during the period. Jump Financial LLC purchased a new stake in shares of Enersys in the 1st quarter valued at approximately $1,411,000. Finally, Martingale Asset Management L P boosted its holdings in shares of Enersys by 0.6% in the 1st quarter. Martingale Asset Management L P now owns 44,035 shares of the industrial products company's stock valued at $4,033,000 after buying an additional 270 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Roth Capital reiterated a "buy" rating and set a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Oppenheimer restated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Roth Mkm reaffirmed 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 "hold" rating to a "buy" rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Enersys currently has a consensus rating of "Buy" and an average target price of $118.33.

Enersys Stock Performance

Shares of NYSE ENS traded up $0.34 during midday trading on Monday, hitting $104.19. The company's stock had a trading volume of 153,733 shares, compared to its average volume of 366,876. Enersys has a 1-year low of $76.57 and a 1-year high of $104.87. The firm's fifty day moving average price is $94.43 and its 200-day moving average price is $91.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The firm has a market cap of $3.90 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.59 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. During the same period in the prior year, the company earned $1.98 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

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