Jump Financial LLC Acquires Shares of 15,404 Enersys $ENS

Key Points

• Jump Financial LLC has acquired a new stake in Enersys, purchasing 15,404 shares valued at approximately $1.4 million during the first quarter.
• Enersys recently increased its quarterly dividend to $0.2625, which yields 1.0%, with the payout date set for September 26th.
• Despite an upward trend in earnings, Enersys shares have seen a slight decline of 0.1%, with an average target price of $118.33 following recent analyst upgrades.

Jump Financial LLC acquired a new stake in Enersys (NYSE:ENS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,404 shares of the industrial products company's stock, valued at approximately $1,411,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aquatic Capital Management LLC increased its position 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 valued at $502,000 after buying an additional 133 shares in the last quarter. Victory Capital Management Inc. increased its position 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 valued at $1,233,000 after buying an additional 135 shares in the last quarter. Mariner LLC increased its position in shares of Enersys by 3.4% in the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after buying an additional 147 shares in the last quarter. Heritage Family Offices LLP increased its stake in Enersys by 7.1% during the 1st quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock worth $246,000 after buying an additional 177 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Enersys by 3.0% during the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company's stock worth $601,000 after buying an additional 193 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Trading Down 0.9%

Shares of ENS traded down $0.97 during midday trading on Tuesday, hitting $101.69. 121,267 shares of the stock were exchanged, compared to its average volume of 366,716. Enersys has a 52-week low of $76.57 and a 52-week high of $104.36. The stock has a fifty day simple moving average of $93.09 and a 200 day simple moving average of $91.60. The firm has a market cap of $3.81 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.58 and a beta of 1.09. 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 released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. The business had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.98 earnings per share. On average, research analysts anticipate 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 issued a dividend of $0.2625 per share. This is an increase from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's dividend payout ratio is 10.96%.

Analyst Upgrades and Downgrades

ENS has been the subject of several research reports. Wall Street Zen lowered Enersys from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Oppenheimer restated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital restated a "buy" rating and issued a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Finally, Roth Mkm restated a "buy" rating and issued a $120.00 price target on shares of Enersys in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average 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.