Mirova Increases Position 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 stake in Enersys (NYSE:ENS - Free Report) by 69.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,374 shares of the industrial products company's stock after buying an additional 17,748 shares during the period. Mirova owned 0.11% of Enersys worth $3,972,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted its position in shares of 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 buying an additional 204 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $31,000 after buying an additional 325 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Enersys during the 1st quarter valued at approximately $36,000. UMB Bank n.a. lifted its position in shares of 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 buying an additional 284 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Enersys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after purchasing an additional 100 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Stock Down 0.2%

Shares of NYSE:ENS traded down $0.16 during trading hours on Friday, reaching $102.09. The stock had a trading volume of 156,408 shares, compared to its average volume of 366,786. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.58 and a beta of 1.08. 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 has a 1 year low of $76.57 and a 1 year high of $104.36. The firm's 50 day moving average is $92.30 and its 200-day moving average is $91.69.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The business had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. During the same quarter in the previous year, the firm earned $1.98 EPS. The company's revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The business 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 $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. This is an increase from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is currently 10.96%.

Analysts Set New Price Targets

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

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.