Public Employees Retirement System of Ohio Buys 12,297 Shares of Enersys $ENS

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Enersys by 23.3% during the 2nd quarter, acquiring an additional 12,297 shares, bringing its total holdings to 65,176 shares valued at approximately $5.59 million.
• Enersys recently declared a quarterly dividend of $0.2625 per share, which marks an increase from the previous dividend of $0.24, transforming into a yield of 0.9%.
• During its latest earnings report, Enersys posted $2.08 earnings per share, exceeding expectations and showing a revenue increase of 4.7% year-over-year, amounting to $893 million.

Public Employees Retirement System of Ohio grew its stake in shares of Enersys (NYSE:ENS - Free Report) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,176 shares of the industrial products company's stock after buying an additional 12,297 shares during the period. Public Employees Retirement System of Ohio owned 0.17% of Enersys worth $5,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP bought a new position in Enersys in the 4th quarter valued at $1,029,000. Two Sigma Advisers LP raised its position in shares of Enersys by 104.0% in the fourth quarter. Two Sigma Advisers LP now owns 5,100 shares of the industrial products company's stock worth $471,000 after buying an additional 2,600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Enersys by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,033 shares of the industrial products company's stock valued at $9,616,000 after buying an additional 10,634 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Enersys by 8.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,595 shares of the industrial products company's stock worth $979,000 after buying an additional 853 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Enersys by 35,119.1% in the 1st quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after acquiring an additional 122,917 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Price Performance

Shares of Enersys stock opened at $111.61 on Monday. 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 52-week low of $76.57 and a 52-week high of $113.60. The company has a fifty day moving average of $100.44 and a 200-day moving average of $92.51. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results 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 period in the previous year, the firm posted $1.98 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is 11.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ENS shares. Roth Capital reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Enersys from a "hold" rating to a "buy" rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus 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.

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