Enersys $ENS Shares Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Enersys by 660.1% in the first quarter, now owning 81,830 shares valued at approximately $7.49 million.
• The company reported a quarterly earnings of $2.08 per share, exceeding analyst expectations and showing a revenue increase of 4.7% year-over-year.
• Enersys announced a dividend increase to $0.2625 per share, boosting its annualized dividend yield to 1.1%.

Kovitz Investment Group Partners LLC lifted its stake in shares of Enersys (NYSE:ENS - Free Report) by 660.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,830 shares of the industrial products company's stock after buying an additional 71,065 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.21% of Enersys worth $7,494,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its stake in Enersys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 204 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after buying an additional 325 shares during the last quarter. UMB Bank n.a. lifted its stake in Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 284 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. Finally, CX Institutional purchased a new position in shares of Enersys during the first quarter worth $69,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Stock Performance

Shares of ENS traded down $0.0950 during mid-day trading on Thursday, reaching $97.5250. 46,749 shares of the company's stock were exchanged, compared to its average volume of 370,406. The stock has a market capitalization of $3.65 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. Enersys has a 52-week low of $76.57 and a 52-week high of $104.36. The business's fifty day simple moving average is $90.40 and its 200-day simple moving average is $91.49. 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 (NYSE:ENS - Get Free Report) last announced its 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 company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. On average, equities research analysts expect that Enersys will post 9.99 earnings per share for the current 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 paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is presently 11.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Roth Mkm reaffirmed a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reiterated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Finally, Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $118.33.

Insider Buying and Selling

In other Enersys news, CFO Andrea J. Funk acquired 315 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the acquisition, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Shawn M. O'connell bought 475 shares of the firm's stock in a transaction on Friday, May 30th. The shares were bought at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. This represents a 1.12% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,085 shares of company stock worth $89,726. Company insiders own 0.91% of the company's stock.

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.