7,121 Shares in Enersys $ENS Purchased by Hancock Whitney Corp

Hancock Whitney Corp acquired a new position in Enersys (NYSE:ENS) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 7,121 shares of the industrial products company’s stock, valued at approximately $652,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. boosted its position in shares of Enersys by 23.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company’s stock worth $645,000 after buying an additional 1,323 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Enersys by 74.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company’s stock worth $6,339,000 after buying an additional 29,268 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enersys by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company’s stock worth $1,077,000 after buying an additional 1,165 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Enersys by 284.6% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company’s stock worth $123,000 after buying an additional 996 shares in the last quarter. Finally, CX Institutional purchased a new position in Enersys in the 1st quarter valued at about $69,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ENS shares. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Finally, Roth Capital restated a “buy” rating and issued a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.33.

Enersys Trading Up 0.6%

Shares of ENS stock opened at $103.68 on Friday. The firm has a market cap of $3.89 billion, a P/E ratio of 11.84, a PEG ratio of 0.59 and a beta of 1.09. Enersys has a 1-year low of $76.57 and a 1-year high of $104.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The firm’s 50-day simple moving average is $94.43 and its 200-day simple moving average is $91.71.

Enersys (NYSE:ENS) last announced its quarterly earnings data 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 business had revenue of $893.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.98 EPS. As a group, equities analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 12th. This is an increase from Enersys’s previous quarterly dividend of $0.24. Enersys’s payout ratio is currently 10.96%.

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.