Vest Financial LLC Increases Stock Position in Enersys $ENS

Vest Financial LLC grew its position in Enersys (NYSE:ENS) by 38.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,914 shares of the industrial products company’s stock after purchasing an additional 12,426 shares during the period. Vest Financial LLC owned about 0.11% of Enersys worth $3,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Enersys by 2,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Enersys in the first quarter valued at about $36,000. UMB Bank n.a. raised its holdings in shares of Enersys by 80.6% in the second quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 345 shares during the last quarter. CX Institutional purchased a new stake in shares of Enersys in the first quarter valued at about $69,000. Finally, Covestor Ltd increased its holdings in Enersys by 34.0% during the first quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock worth $95,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

ENS has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Enersys in a report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Finally, Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Enersys presently has an average rating of “Buy” and a consensus price target of $118.33.

Enersys Price Performance

ENS opened at $115.66 on Tuesday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.62 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $105.19 and a 200-day moving average price of $93.84. Enersys has a twelve month low of $76.57 and a twelve month high of $117.94.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. The firm had revenue of $893.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $1.98 earnings per share. Equities 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 $0.2625 dividend. The ex-dividend date was Friday, September 12th. This is a positive change from Enersys’s previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. Enersys’s dividend payout ratio is 11.99%.

Enersys 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.