New York State Teachers Retirement System Reduces Stock Holdings in Enersys $ENS

New York State Teachers Retirement System decreased its holdings in Enersys (NYSE:ENS) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,455 shares of the industrial products company’s stock after selling 132 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Enersys worth $4,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Caitong International Asset Management Co. Ltd lifted its stake in Enersys by 2,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 325 shares during the period. Gen Wealth Partners Inc purchased a new stake in Enersys in the first quarter worth $36,000. UMB Bank n.a. lifted its stake in Enersys by 80.6% in the second quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 345 shares during the period. Covestor Ltd lifted its stake in Enersys by 34.0% in the first quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 263 shares during the period. Finally, Quarry LP lifted its stake in Enersys by 291.4% in the first quarter. Quarry LP now owns 1,319 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 982 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Enersys Stock Performance

Shares of Enersys stock opened at $123.89 on Tuesday. Enersys has a 12 month low of $76.57 and a 12 month high of $124.84. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $108.04 and a two-hundred day simple moving average of $95.02. The firm has a market capitalization of $4.64 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.69 and a beta of 1.09.

Enersys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. During the same period last year, the company earned $1.98 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research note on Friday, August 8th. Roth Capital reissued a “buy” rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Enersys from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Four equities 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.

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.