Bryce Point Capital LLC Takes Position in Enersys $ENS

Bryce Point Capital LLC purchased a new stake in Enersys (NYSE:ENS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,144 shares of the industrial products company’s stock, valued at approximately $784,000.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of Enersys by 13.4% in the 1st quarter. Intech Investment Management LLC now owns 29,706 shares of the industrial products company’s stock valued at $2,720,000 after purchasing an additional 3,512 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Enersys in the 1st quarter valued at approximately $229,000. Avantax Advisory Services Inc. raised its holdings in Enersys by 1.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,576 shares of the industrial products company’s stock valued at $1,701,000 after buying an additional 338 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Enersys by 33.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,751 shares of the industrial products company’s stock valued at $1,421,000 after buying an additional 3,991 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Enersys in the 1st quarter valued at approximately $384,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Stock Down 0.6%

Enersys stock opened at $125.46 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. Enersys has a 52-week low of $76.57 and a 52-week high of $127.66. The firm has a 50 day moving average price of $112.73 and a two-hundred day moving average price of $97.98. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.71 and a beta of 1.09.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. During the same quarter last year, the business earned $1.98 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, September 12th. This is a positive change from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio (DPR) is 11.99%.

Wall Street Analyst Weigh In

ENS has been the subject of a number of research reports. Roth Capital reiterated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a report on Thursday, October 30th. Finally, Oppenheimer reiterated 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, the stock currently has a consensus rating of “Buy” and an average target price of $118.33.

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.