4,196 Shares in Enersys (NYSE:ENS) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new position in Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,196 shares of the industrial products company's stock, valued at approximately $384,000.

Other large investors have also made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Enersys by 23.1% during the first quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 1,323 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Enersys by 74.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock valued at $6,339,000 after purchasing an additional 29,268 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enersys by 11.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock valued at $1,077,000 after purchasing an additional 1,165 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Enersys by 284.6% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock valued at $123,000 after purchasing an additional 996 shares in the last quarter. Finally, CX Institutional bought a new position in Enersys in the first quarter worth $69,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Price Performance

Enersys stock traded down $3.29 during mid-day trading on Friday, hitting $89.08. 257,097 shares of the company were exchanged, compared to its average volume of 369,672. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $87.35 and a 200 day moving average of $91.66. The company has a market capitalization of $3.49 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.07.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million during the quarter, compared to the consensus estimate of $973.45 million. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $2.08 EPS. As a group, sell-side analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 13th. Enersys's dividend payout ratio (DPR) is 10.65%.

Insider Buying and Selling at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the acquisition, the chief financial officer owned 50,645 shares in the company, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shawn M. O'connell purchased 475 shares of Enersys stock in a transaction dated Friday, May 30th. The shares were purchased at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,085 shares of company stock valued at $89,726 over the last three months. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ENS shares. Roth Capital reissued a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th.

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.