Royal Bank of Canada lessened its stake in Enersys (NYSE:ENS - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,721 shares of the industrial products company's stock after selling 5,486 shares during the period. Royal Bank of Canada owned approximately 0.55% of Enersys worth $19,846,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Graham Capital Management L.P. lifted its holdings in shares of Enersys by 104.1% in the 1st quarter. Graham Capital Management L.P. now owns 16,457 shares of the industrial products company's stock worth $1,507,000 after acquiring an additional 8,394 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Enersys by 1.1% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 483,300 shares of the industrial products company's stock worth $44,261,000 after acquiring an additional 5,328 shares in the last quarter. Quarry LP increased its stake in shares of Enersys by 291.4% in the 1st quarter. Quarry LP now owns 1,319 shares of the industrial products company's stock worth $121,000 after acquiring an additional 982 shares in the last quarter. Mubadala Investment Co PJSC bought a new position in shares of Enersys in the 1st quarter worth about $2,305,000. Finally, State of Wyoming increased its stake in shares of Enersys by 9.7% in the 1st quarter. State of Wyoming now owns 23,641 shares of the industrial products company's stock worth $2,165,000 after acquiring an additional 2,091 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.
Enersys Stock Performance
Shares of NYSE ENS traded up $0.68 during trading on Friday, reaching $107.82. 128,846 shares of the company traded hands, compared to its average volume of 364,040. The firm has a 50 day simple moving average of $95.74 and a 200-day simple moving average of $91.87. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $4.04 billion, a PE ratio of 12.30, a P/E/G ratio of 0.60 and a beta of 1.09. Enersys has a 52-week low of $76.57 and a 52-week high of $107.84.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.98 EPS. Equities research analysts anticipate that Enersys will post 9.99 earnings per share for the current year.
Enersys Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.2625 per share. This is an increase from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's payout ratio is presently 11.99%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, 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. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $118.33.
Read Our Latest Stock Report on ENS
About Enersys
(
Free Report)
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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