PharVision Advisers LLC Makes New Investment in Enersys $ENS

Key Points

• PharVision Advisers LLC invested $376,000 in Enersys by acquiring 4,103 shares during the first quarter, indicating increasing institutional interest in the company.
• Enersys recently received upgraded ratings from multiple analysts, including a shift from "hold" to "buy," reflecting positive market sentiment with a consensus rating of "Buy" and a price target of approximately $118.33.
• The company announced an increase in its quarterly dividend to $0.2625, reflecting a commitment to returning value to shareholders, with a yield of around 1.0%.

PharVision Advisers LLC bought a new position in shares of Enersys (NYSE:ENS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 4,103 shares of the industrial products company's stock, valued at approximately $376,000.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $31,000 after purchasing an additional 325 shares during the period. Gen Wealth Partners Inc purchased a new position in Enersys in the 1st quarter worth approximately $36,000. UMB Bank n.a. boosted its holdings in 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. CX Institutional purchased a new position in Enersys in the 1st quarter worth approximately $69,000. Finally, Parallel Advisors LLC boosted its holdings in Enersys by 51.7% in the 1st quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock worth $87,000 after acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Stock Performance

ENS traded up $0.82 during trading hours on Wednesday, hitting $104.59. 246,845 shares of the stock were exchanged, compared to its average volume of 366,423. The stock has a 50-day simple moving average of $95.10 and a 200-day simple moving average of $91.73. Enersys has a 12 month low of $76.57 and a 12 month high of $105.35. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.60 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 (NYSE:ENS - Get Free Report) last announced 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 firm had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. During the same period last year, the business posted $1.98 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company also recently disclosed 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%. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is 10.96%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a report on Saturday. 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. 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. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $118.33.

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.