Allianz Asset Management GmbH Buys 305,635 Shares of Enersys $ENS

Allianz Asset Management GmbH boosted its position in Enersys (NYSE:ENS) by 249.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 428,394 shares of the industrial products company’s stock after purchasing an additional 305,635 shares during the period. Allianz Asset Management GmbH’s holdings in Enersys were worth $36,743,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in 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 during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in 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 during the period. GAMMA Investing LLC boosted its holdings in 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 during the period. Finally, Intech Investment Management LLC boosted its holdings in Enersys by 13.4% in 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 during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Enersys Stock Performance

NYSE ENS opened at $121.16 on Friday. Enersys has a 1 year low of $76.57 and a 1 year 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. The stock has a market capitalization of $4.54 billion, a PE ratio of 13.83, a P/E/G ratio of 0.69 and a beta of 1.09. The company’s 50 day simple moving average is $107.47 and its two-hundred day simple moving average is $94.64.

Enersys (NYSE:ENS) last posted its 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 business had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $848.02 million. During the same period in the prior year, the company posted $1.98 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The business also recently disclosed 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. This is an increase from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, September 12th. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. Enersys’s dividend payout ratio is 11.99%.

Analyst Ratings Changes

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

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.