Strs Ohio Buys Shares of 2,700 Enersys $ENS

Key Points

• Strs Ohio acquired 2,700 shares of Enersys (NYSE:ENS) valued at approximately $247,000 during the first quarter, indicating growing interest in the company from institutional investors.
• Enersys reported a quarterly earnings per share (EPS) of $2.08, exceeding estimates and showing a 4.7% revenue increase year-over-year with revenues of $893 million.
• The company announced an increased quarterly dividend to $0.2625 per share, reflecting a positive shift from the previous dividend, with a resultant annualized yield of 1.0%.

Strs Ohio bought a new stake in shares of Enersys (NYSE:ENS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,700 shares of the industrial products company's stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENS. Two Sigma Investments LP purchased a new stake in shares of Enersys in the fourth quarter worth $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. Squarepoint Ops LLC raised its position in shares of Enersys by 213.1% in the fourth quarter. Squarepoint Ops LLC now owns 20,997 shares of the industrial products company's stock worth $1,941,000 after buying an additional 14,290 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Enersys by 11.4% in 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 worth $9,616,000 after buying an additional 10,634 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in shares of Enersys in the fourth quarter worth $204,000. Institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

ENS has been the topic of a number of research reports. Wall Street Zen downgraded Enersys from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Roth Capital reaffirmed a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Three research 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 a consensus target price of $118.33.

Enersys Stock Performance

Shares of ENS opened at $109.67 on Thursday. 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 has a one year low of $76.57 and a one year high of $113.60. The company has a 50-day simple moving average of $99.57 and a two-hundred day simple moving average of $92.38. The firm has a market capitalization of $4.11 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 EPS 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 analyst estimates of $848.02 million. During the same period last year, the business posted $1.98 earnings per share. Enersys's quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.2625 per share. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. Enersys's dividend payout ratio (DPR) is 11.99%.

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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