Paradigm Capital Management Inc. NY Has $44.26 Million Stock Holdings in Enersys $ENS

Key Points

• Paradigm Capital Management Inc. NY increased its stake in Enersys by 1.1%, acquiring an additional 5,328 shares to bring its total to 483,300 shares, making Enersys the 13th largest position in its investment portfolio.
• Enersys recently declared a quarterly dividend increase to $0.2625 per share, up from $0.24, with an ex-dividend date set for September 12th.
• Analysts have mixed views on Enersys, with a majority rating it as a "Buy", while new price targets average around $118.33 per share.

Paradigm Capital Management Inc. NY lifted its holdings in shares of Enersys (NYSE:ENS - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 483,300 shares of the industrial products company's stock after acquiring an additional 5,328 shares during the quarter. Enersys accounts for about 2.5% of Paradigm Capital Management Inc. NY's investment portfolio, making the stock its 13th biggest position. Paradigm Capital Management Inc. NY owned approximately 1.23% of Enersys worth $44,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in Enersys by 291.4% in the first quarter. Quarry LP now owns 1,319 shares of the industrial products company's stock valued at $121,000 after buying an additional 982 shares during the last quarter. Mubadala Investment Co PJSC bought a new position in shares of Enersys during the first quarter valued at approximately $2,305,000. State of Wyoming grew its holdings in shares of 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 purchasing an additional 2,091 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Enersys during the first quarter valued at approximately $2,121,000. Finally, Ieq Capital LLC grew its holdings in shares of Enersys by 175.8% during the first quarter. Ieq Capital LLC now owns 6,049 shares of the industrial products company's stock valued at $554,000 after purchasing an additional 3,856 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

Enersys Price Performance

Shares of Enersys stock traded up $1.96 during midday trading on Thursday, reaching $102.99. The company had a trading volume of 324,252 shares, compared to its average volume of 368,323. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. The stock has a fifty day simple moving average of $93.77 and a 200 day simple moving average of $91.73. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. The company had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. As a group, equities research analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.2625 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. This is an increase from Enersys's previous quarterly dividend of $0.24. Enersys's payout ratio is presently 10.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer restated 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 presently has a consensus rating of "Buy" and an average price target of $118.33.

Enersys Company 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.