Enersys $ENS Holdings Lifted by Millennium Management LLC

Millennium Management LLC increased its position in shares of Enersys (NYSE:ENS - Free Report) by 48.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 617,475 shares of the industrial products company's stock after purchasing an additional 202,727 shares during the quarter. Millennium Management LLC owned 1.57% of Enersys worth $56,548,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Enersys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc acquired a new stake in Enersys in the first quarter worth $36,000. UMB Bank n.a. increased its position in Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after buying an additional 284 shares during the period. CX Institutional acquired a new stake in Enersys in the first quarter worth $69,000. Finally, Parallel Advisors LLC increased its position in Enersys by 51.7% in the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock worth $87,000 after buying an additional 324 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ENS shares. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Wall Street Zen raised Enersys from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $120.00 target price on shares of Enersys in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $118.33.

Enersys Stock Performance

Shares of ENS traded down $0.53 during trading hours on Friday, reaching $106.87. 260,949 shares of the company's stock traded hands, compared to its average volume of 273,353. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.61 and a beta of 1.09. 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 has a twelve month low of $76.57 and a twelve month high of $107.87. The business's fifty day simple moving average is $96.08 and its two-hundred day simple moving average is $91.82.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company 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 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's dividend payout ratio (DPR) is 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.