Mirova Raises Holdings in Enersys $ENS

Key Points

• Mirova increased its stake in Enersys by 69.3% in Q1, owning approximately 0.11% of the company worth $3.97 million after acquiring an additional 17,748 shares.
• Enersys recently announced a quarterly dividend increase to $0.2625, representing a yield of 1.0%, with the ex-dividend date set for September 12th.
• The company reported an earnings per share (EPS) of $2.08 for the last quarter, exceeding estimates, with revenue increasing by 4.7% year-over-year, amounting to $893 million.

Mirova grew its holdings in shares of Enersys (NYSE:ENS - Free Report) by 69.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,374 shares of the industrial products company's stock after purchasing an additional 17,748 shares during the period. Mirova owned approximately 0.11% of Enersys worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Quarry LP grew its holdings in shares of Enersys by 153.4% in the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after acquiring an additional 204 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Enersys by 2,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after acquiring an additional 325 shares during the period. Gen Wealth Partners Inc acquired a new stake in shares of Enersys in the 1st quarter worth approximately $36,000. UMB Bank n.a. grew its holdings in shares of Enersys by 197.2% in the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after acquiring an additional 284 shares during the period. Finally, Canada Pension Plan Investment Board grew 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 worth $46,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Trading Down 0.1%

Shares of ENS stock traded down $0.15 during mid-day trading on Thursday, hitting $102.20. 233,338 shares of the company's stock were exchanged, compared to its average volume of 368,201. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $104.36. The stock has a 50-day simple moving average of $91.93 and a two-hundred day simple moving average of $91.68. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.58 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $848.02 million. During the same quarter last year, the firm earned $1.98 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Enersys will post 9.99 EPS for the current fiscal 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 given a $0.2625 dividend. This is an increase from Enersys's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. Enersys's dividend payout ratio is 10.96%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Enersys

In other news, CEO Shawn M. O'connell bought 475 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of $83.76 per share, with a total value of $39,786.00. Following the transaction, the chief executive officer owned 43,030 shares of the company's stock, valued at $3,604,192.80. This represents a 1.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company's stock.

About Enersys

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.