Trexquant Investment LP Takes $2.12 Million Position in Enersys $ENS

Key Points

• Trexquant Investment LP has acquired 23,163 shares of Enersys, valued at approximately $2,121,000, representing a 0.06% stake in the company.
• Enersys has announced an increase in its quarterly dividend to $0.2625, up from $0.24, with a dividend yield of 1.0% and a payout ratio of 10.96%.
• Analysts have a consensus rating of "Buy" for Enersys, with a price target averaging $118.33, despite some recent adjustments in ratings.

Trexquant Investment LP acquired a new position in shares of Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,163 shares of the industrial products company's stock, valued at approximately $2,121,000. Trexquant Investment LP owned approximately 0.06% of Enersys as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Wall Street Zen raised Enersys from a "hold" rating to a "buy" rating in a research note on Saturday. Roth Mkm reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a research note on Wednesday, May 14th. Finally, Roth Capital reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Enersys has a consensus rating of "Buy" and a consensus target price of $118.33.

Enersys Stock Up 0.8%

ENS stock traded up $0.82 during trading hours on Wednesday, reaching $104.59. 246,845 shares of the stock were exchanged, compared to its average volume of 282,096. The firm's 50-day moving average is $95.40 and its 200-day moving average is $91.82. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.59 and a beta of 1.09. 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 12 month low of $76.57 and a 12 month high of $105.35.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. The firm had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. On average, equities research analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is 10.96%.

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.