Lightrock Netherlands B.V. Reduces Position in Enersys $ENS

Lightrock Netherlands B.V. trimmed its holdings in shares of Enersys (NYSE:ENS) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,039 shares of the industrial products company’s stock after selling 11,725 shares during the quarter. Enersys accounts for about 2.7% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 12th biggest position. Lightrock Netherlands B.V.’s holdings in Enersys were worth $11,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Enersys by 2,500.0% during 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 last quarter. Gen Wealth Partners Inc bought a new stake in Enersys in the first quarter valued at about $36,000. UMB Bank n.a. increased its holdings in Enersys by 80.6% in the second quarter. UMB Bank n.a. now owns 773 shares of the industrial products company’s stock valued at $66,000 after buying an additional 345 shares during the last quarter. Covestor Ltd increased its holdings in Enersys by 34.0% in the first quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock valued at $95,000 after buying an additional 263 shares during the last quarter. Finally, Quarry LP increased its holdings in Enersys by 291.4% in the first quarter. Quarry LP now owns 1,319 shares of the industrial products company’s stock valued at $121,000 after buying an additional 982 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Stock Performance

Shares of ENS stock opened at $121.91 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $110.67 and a two-hundred day moving average of $96.67. Enersys has a 52 week low of $76.57 and a 52 week high of $124.84. The company has a market cap of $4.57 billion, a P/E ratio of 13.92, a PEG ratio of 0.69 and a beta of 1.09.

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

Enersys Increases Dividend

The firm 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 a boost from Enersys’s previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, September 12th. Enersys’s payout ratio is presently 11.99%.

Wall Street Analyst Weigh In

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