Russell Investments Group Ltd. Has $18.91 Million Stock Position in Enersys $ENS

Key Points

• Russell Investments Group Ltd. increased its stake in Enersys by 6.4% during the first quarter, acquiring an additional 12,511 shares, bringing its total holdings to approximately 206,488 shares worth about $18.91 million.
• Enersys reported a quarterly earnings per share (EPS) of $2.08, exceeding the consensus estimate of $2.05, along with a revenue of $893 million, which is a 4.7% increase compared to the same quarter last year.
• The company announced an increase in its quarterly dividend to $0.2625 per share, up from the previous $0.24, reflecting a positive change in its dividend policy.

Russell Investments Group Ltd. raised its stake in shares of Enersys (NYSE:ENS - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,488 shares of the industrial products company's stock after buying an additional 12,511 shares during the period. Russell Investments Group Ltd. owned 0.52% of Enersys worth $18,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ENS. Millennium Management LLC lifted its holdings in Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after purchasing an additional 404,204 shares during the last quarter. Nuveen LLC bought a new position in shares of Enersys in the first quarter valued at approximately $29,695,000. GAMMA Investing LLC lifted its stake in shares of Enersys by 35,119.1% in the first quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after buying an additional 122,917 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Enersys by 13.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock worth $95,021,000 after buying an additional 121,758 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Enersys by 82.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 199,072 shares of the industrial products company's stock worth $18,400,000 after buying an additional 89,717 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Price Performance

Shares of ENS stock traded down $2.4420 during trading hours on Wednesday, reaching $97.4180. 272,406 shares of the company were exchanged, compared to its average volume of 372,488. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The stock's fifty day moving average is $90.25 and its two-hundred day moving average is $91.45. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $104.36.

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

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.2625 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.05 annualized dividend and a dividend yield of 1.1%. This is an increase from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is 10.96%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ENS. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Mkm reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th. Wall Street Zen downgraded Enersys from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $118.33.

Insiders Place Their Bets

In other news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, the chief executive officer owned 43,030 shares in the company, valued at $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Andrea J. Funk bought 315 shares of the stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,085 shares of company stock valued at $89,726. 0.91% of the stock is owned by insiders.

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.