UniSuper Management Pty Ltd Makes New $633,000 Investment in Enersys $ENS

Key Points

• UniSuper Management Pty Ltd acquired a new stake in Enersys by purchasing 6,912 shares valued at approximately $633,000, according to a recent SEC filing.
• Enersys has received positive ratings from several research firms, with Wall Street Zen upgrading the stock to a "buy" and a consensus target price of $118.33.
• The company recently declared an increased quarterly dividend of $0.2625, up from its previous $0.24, indicating a focus on returning value to shareholders.

UniSuper Management Pty Ltd purchased a new position in shares of Enersys (NYSE:ENS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,912 shares of the industrial products company's stock, valued at approximately $633,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Enersys by 1.0% during the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock valued at $1,233,000 after acquiring an additional 135 shares during the period. Heritage Family Offices LLP lifted its holdings in Enersys by 7.1% during the 1st quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 177 shares during the last quarter. Assetmark Inc. lifted its holdings in Enersys by 3.0% during the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 193 shares during the last quarter. US Bancorp DE raised its stake in shares of Enersys by 3.6% in the first quarter. US Bancorp DE now owns 6,121 shares of the industrial products company's stock valued at $561,000 after acquiring an additional 211 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Enersys by 8.3% in the fourth quarter. Quantinno Capital Management LP now owns 3,261 shares of the industrial products company's stock valued at $301,000 after acquiring an additional 251 shares during the last quarter. Institutional investors own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ENS shares. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Roth Capital restated a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Enersys from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $118.33.

Enersys Stock Up 1.2%

Shares of NYSE ENS traded up $1.34 during midday trading on Wednesday, reaching $109.13. The company's stock had a trading volume of 27,111 shares, compared to its average volume of 362,173. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $109.12. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.61 and a beta of 1.09. The stock has a 50 day simple moving average of $96.86 and a 200-day simple moving average of $91.90.

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 firm had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 EPS. Equities research analysts predict that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is a positive change from Enersys's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. Enersys's payout ratio is presently 11.99%.

About Enersys

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.