Inspire Investing LLC Has $389,000 Holdings in Enersys $ENS

Inspire Investing LLC lowered its stake in Enersys (NYSE:ENS) by 61.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,536 shares of the industrial products company’s stock after selling 7,214 shares during the period. Inspire Investing LLC’s holdings in Enersys were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its position in shares of Enersys by 23.1% during the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 1,323 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Enersys by 74.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company’s stock worth $6,339,000 after purchasing an additional 29,268 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings 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 valued at $1,077,000 after purchasing an additional 1,165 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 valued at $123,000 after purchasing an additional 996 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Enersys by 13.4% during the 1st quarter. Intech Investment Management LLC now owns 29,706 shares of the industrial products company’s stock worth $2,720,000 after buying an additional 3,512 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Roth Capital reiterated a “buy” rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Finally, Oppenheimer restated an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $118.33.

Enersys Price Performance

Enersys stock opened at $121.55 on Thursday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.68 and a beta of 1.09. Enersys has a 52-week low of $76.57 and a 52-week high of $123.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The stock’s 50 day moving average price is $106.36 and its two-hundred day moving average price is $94.21.

Enersys (NYSE:ENS) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.03. The company had revenue of $893.00 million for 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%. Enersys’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.98 EPS. On average, equities analysts predict that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company 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 represents a $1.05 annualized dividend and a dividend yield of 0.9%. This is a boost from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio (DPR) is 11.99%.

About Enersys

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.