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

A number of other hedge funds have also recently bought and sold shares of ENS. Millennium Management LLC grew its stake in Enersys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after purchasing an additional 404,204 shares in the last quarter. Nuveen LLC bought a new position in Enersys in the first quarter valued at approximately $29,695,000. GAMMA Investing LLC grew its stake in Enersys by 35,119.1% in the first 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 in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Enersys by 660.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 81,830 shares of the industrial products company's stock valued at $7,494,000 after purchasing an additional 71,065 shares in the last quarter. Finally, Ruffer LLP bought a new position in Enersys in the first quarter valued at approximately $5,892,000. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ENS. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Roth Capital reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Finally, Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $118.33.

Enersys Stock Up 2.7%

ENS opened at $107.49 on Friday. Enersys has a 1-year low of $76.57 and a 1-year high of $107.53. The stock's fifty day simple moving average is $95.74 and its 200 day simple moving average is $91.87. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.03 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 EPS. As a group, research analysts expect 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. Investors of record on Friday, September 12th will be paid a $0.2625 dividend. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 annualized dividend and a yield of 1.0%. Enersys's dividend 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.

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