MQS Management LLC Buys Shares of 3,727 Enersys $ENS

MQS Management LLC acquired a new stake in shares of Enersys (NYSE:ENS) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,727 shares of the industrial products company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 325 shares during the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Enersys during the 1st quarter valued at $36,000. UMB Bank n.a. lifted its holdings in shares of Enersys by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 345 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Enersys by 34.0% during the 1st quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 263 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Enersys by 291.4% during the 1st quarter. Quarry LP now owns 1,319 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ENS shares. Roth Capital reiterated a “buy” rating and set a $120.00 price objective 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. Wall Street Zen raised Enersys from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $118.33.

Enersys Price Performance

NYSE ENS opened at $121.50 on Monday. The stock’s fifty day moving average price is $109.80 and its 200 day moving average price is $96.15. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.69 and a beta of 1.09. 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 has a 1 year low of $76.57 and a 1 year high of $124.84.

Enersys (NYSE:ENS) last announced its quarterly earnings results 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 company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.98 EPS. As a group, equities research analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 represents a $1.05 annualized dividend and a yield of 0.9%. This is an increase from Enersys’s previous quarterly dividend of $0.24. Enersys’s payout ratio is 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.