Inspire Investing LLC Acquires 7,417 Shares of Enersys $ENS

Key Points

• Inspire Investing LLC increased its position in Enersys by 171.2%, owning 11,750 shares worth approximately $1,076,000 as of the latest SEC filing.
• Research analysts have upgraded Enersys to a "buy" rating, with a price target of $120.00 issued by Roth Capital.
• Enersys announced a quarterly dividend increase to $0.2625 per share, payable on September 26th, reflecting a 1.0% dividend yield.

Inspire Investing LLC grew its position in Enersys (NYSE:ENS - Free Report) by 171.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,750 shares of the industrial products company's stock after purchasing an additional 7,417 shares during the period. Inspire Investing LLC's holdings in Enersys were worth $1,076,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers boosted its position in Enersys by 13.7% in the fourth quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock valued at $765,000 after buying an additional 997 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Enersys in the fourth quarter valued at approximately $1,014,000. Millennium Management LLC boosted its holdings in shares of Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after acquiring an additional 404,204 shares in the last quarter. Nuveen Asset Management LLC grew its position in Enersys by 3.8% during the 4th quarter. Nuveen Asset Management LLC now owns 232,094 shares of the industrial products company's stock worth $21,452,000 after acquiring an additional 8,587 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in Enersys by 9.9% during the 4th quarter. Nomura Holdings Inc. now owns 17,303 shares of the industrial products company's stock valued at $1,599,000 after purchasing an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Trading Up 2.7%

ENS traded up $2.94 during trading on Thursday, reaching $110.73. 172,777 shares of the company's stock were exchanged, compared to its average volume of 362,830. The company's fifty day moving average price is $97.24 and its 200-day moving average price is $92.01. The firm has a market capitalization of $4.15 billion, a PE ratio of 12.64, a P/E/G ratio of 0.61 and a beta of 1.09. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $111.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $848.02 million. During the same period last year, the company earned $1.98 EPS. The firm's revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's payout ratio is 11.99%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ENS. Roth Capital restated a "buy" rating and issued a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer restated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Enersys presently has a consensus rating of "Buy" and a consensus price target of $118.33.

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.