MQS Management LLC Makes New $409,000 Investment in EnerSys (NYSE:ENS)

MQS Management LLC acquired a new stake in shares of EnerSys (NYSE:ENS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,954 shares of the industrial products company’s stock, valued at approximately $409,000.

A number of other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in EnerSys during the 2nd quarter valued at approximately $25,000. Covestor Ltd lifted its holdings in EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. UMB Bank n.a. lifted its stake in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the period. GAMMA Investing LLC boosted its stake in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in EnerSys during the fourth quarter valued at $52,000. Institutional investors own 94.93% of the company’s stock.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $2,271,843 in the last three months. 1.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. Roth Mkm assumed coverage on shares of EnerSys in a research report on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price on the stock. BTIG Research downgraded shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

EnerSys Stock Up 1.5 %

EnerSys stock opened at $102.52 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The business’s 50-day moving average price is $100.80 and its 200 day moving average price is $98.51. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. As a group, sell-side analysts anticipate that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.24 per share. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

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.