Mubadala Investment Co PJSC Buys New Position in Enersys $ENS

Key Points

• Mubadala Investment Co PJSC acquired 25,173 shares of Enersys valued at approximately $2.3 million, representing about 0.06% ownership of the company.
• Enersys declared a quarterly dividend increase to $0.2625 per share, up from $0.24, with an annualized yield of 1.0%.
• The stock recently reported earnings of $2.08 EPS, exceeding analyst expectations, with revenue increasing by 4.7% year-over-year.

Mubadala Investment Co PJSC purchased a new stake in shares of Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,173 shares of the industrial products company's stock, valued at approximately $2,305,000. Mubadala Investment Co PJSC owned 0.06% of Enersys at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. State of Wyoming raised its position in Enersys by 9.7% during the first quarter. State of Wyoming now owns 23,641 shares of the industrial products company's stock valued at $2,165,000 after buying an additional 2,091 shares during the period. Trexquant Investment LP acquired a new position in Enersys in the 1st quarter worth about $2,121,000. Ieq Capital LLC increased its position in Enersys by 175.8% in the 1st quarter. Ieq Capital LLC now owns 6,049 shares of the industrial products company's stock worth $554,000 after purchasing an additional 3,856 shares during the last quarter. Hill City Capital LP increased its position in Enersys by 14.4% in the 1st quarter. Hill City Capital LP now owns 317,500 shares of the industrial products company's stock worth $29,077,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Aristides Capital LLC acquired a new position in Enersys in the 1st quarter worth about $256,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENS has been the topic of several research reports. 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. Wall Street Zen lowered Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $120.00 target price 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.com, the company presently has an average rating of "Buy" and an average target price of $118.33.

Enersys Stock Down 1.3%

Shares of ENS traded down $1.35 during trading hours on Wednesday, hitting $100.90. 579,051 shares of the company were exchanged, compared to its average volume of 369,136. The company has a market cap of $3.78 billion, a PE ratio of 11.52, a PEG ratio of 0.58 and a beta of 1.09. The firm's 50 day moving average is $93.44 and its 200-day moving average is $91.67. Enersys has a 52 week low of $76.57 and a 52 week high of $104.36. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during 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 firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.98 EPS. On average, equities research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The firm 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 represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is currently 10.96%.

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.