Enersys $ENS Shares Sold by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. decreased its holdings in shares of Enersys (NYSE:ENS) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,039 shares of the industrial products company’s stock after selling 11,725 shares during the quarter. Enersys comprises about 2.7% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 12th biggest position. Lightrock Netherlands B.V. owned about 0.34% of Enersys worth $11,497,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. MQS Management LLC acquired a new stake in shares of Enersys during the second quarter worth $320,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Enersys by 21.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 23,172 shares of the industrial products company’s stock worth $1,987,000 after purchasing an additional 4,015 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Enersys by 41.1% during the second quarter. Moloney Securities Asset Management LLC now owns 3,957 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 1,152 shares during the last quarter. Paralel Advisors LLC boosted its holdings in shares of Enersys by 9.7% during the second quarter. Paralel Advisors LLC now owns 29,173 shares of the industrial products company’s stock worth $2,502,000 after purchasing an additional 2,591 shares during the last quarter. Finally, Aurora Investment Counsel boosted its holdings in shares of Enersys by 2.7% during the second quarter. Aurora Investment Counsel now owns 20,676 shares of the industrial products company’s stock worth $1,773,000 after purchasing an additional 551 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Ratings Changes

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

Enersys Trading Up 0.9%

Shares of ENS opened at $121.91 on Wednesday. The stock’s 50-day moving average is $110.67 and its two-hundred day moving average is $96.67. The stock has a market cap of $4.57 billion, a PE ratio of 13.92, a P/E/G ratio of 0.69 and a beta of 1.09. Enersys has a 12 month low of $76.57 and a 12 month high of $124.84. 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 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 company had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. Equities analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal 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 given a dividend of $0.2625 per share. 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. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. Enersys’s dividend payout ratio is presently 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.