Tradewinds Capital Management LLC Lowers Holdings in Enersys $ENS

Tradewinds Capital Management LLC decreased its stake in Enersys (NYSE:ENS) by 18.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,519 shares of the industrial products company’s stock after selling 355 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Enersys were worth $130,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Enersys by 1.0% in the 1st quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company’s stock worth $1,233,000 after purchasing an additional 135 shares during the period. Johnson Investment Counsel Inc. raised its holdings in Enersys by 6.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 176 shares during the period. Assetmark Inc. raised its holdings in Enersys by 3.0% in the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 193 shares during the period. US Bancorp DE raised its holdings in Enersys by 3.6% in the 1st quarter. US Bancorp DE now owns 6,121 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 211 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Enersys by 15.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,559 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Enersys Price Performance

Shares of Enersys stock opened at $121.16 on Friday. The business has a 50 day simple moving average of $107.47 and a two-hundred day simple moving average of $94.63. Enersys has a 12 month low of $76.57 and a 12 month high of $124.84. The stock has a market capitalization of $4.54 billion, a P/E ratio of 13.83, a PEG ratio of 0.71 and a beta of 1.09. 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) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. During the same quarter in the prior year, the firm earned $1.98 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.2625 dividend. This is a boost from Enersys’s previous quarterly dividend of $0.24. 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. Enersys’s payout ratio is 11.99%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENS. Wall Street Zen raised Enersys from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $120.00 price target on shares of Enersys in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $118.33.

Enersys Company 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.