Wealth Enhancement Advisory Services LLC Purchases 3,991 Shares of Enersys $ENS

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Enersys by 33.9%, acquiring an additional 3,991 shares in the second quarter, bringing their total to 15,751 shares valued at approximately $1.42 million.
• Enersys has reported a strong quarterly performance, with earnings per share of $2.08, exceeding analysts' expectations, alongside revenues of $893 million, which reflects a 4.7% year-over-year increase.
• The company recently raised its quarterly dividend to $0.2625 per share, translating to an annualized dividend of $1.05 and a yield of 0.9%, demonstrating a positive shift from its previous dividend.

Wealth Enhancement Advisory Services LLC boosted its position in Enersys (NYSE:ENS - Free Report) by 33.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,751 shares of the industrial products company's stock after purchasing an additional 3,991 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Enersys were worth $1,421,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ENS. Two Sigma Investments LP bought a new position in Enersys in the fourth quarter worth about $1,029,000. Two Sigma Advisers LP grew its stake in shares of Enersys by 104.0% during the fourth quarter. Two Sigma Advisers LP now owns 5,100 shares of the industrial products company's stock worth $471,000 after acquiring an additional 2,600 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Enersys by 35,119.1% during the first quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock worth $11,289,000 after acquiring an additional 122,917 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Enersys by 51.7% during the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company's stock worth $87,000 after acquiring an additional 324 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Enersys by 1.3% during the first quarter. Rhumbline Advisers now owns 137,220 shares of the industrial products company's stock worth $12,567,000 after acquiring an additional 1,795 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Enersys Price Performance

Shares of NYSE ENS opened at $112.98 on Wednesday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.63 and a beta of 1.09. Enersys has a 12 month low of $76.57 and a 12 month high of $113.60. The firm's 50 day simple moving average is $101.34 and its 200-day simple moving average is $92.76. 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 (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 analysts' consensus estimates of $2.05 by $0.03. The business had revenue of $893.00 million for the quarter, compared to analysts' expectations of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.98 EPS. Analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is currently 11.99%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ENS. Oppenheimer restated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Roth Capital restated a "buy" rating and set a $120.00 price target on shares of Enersys in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enersys currently has an average rating of "Buy" and a consensus target price of $118.33.

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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