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

Inspire Investing LLC lowered its holdings in Enersys (NYSE:ENS) by 61.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,536 shares of the industrial products company’s stock after selling 7,214 shares during the quarter. Inspire Investing LLC’s holdings in Enersys were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS lifted its stake in shares of Enersys by 9.2% in the second quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the industrial products company’s stock valued at $712,000 after buying an additional 700 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Enersys by 17.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,471 shares of the industrial products company’s stock valued at $1,327,000 after acquiring an additional 2,248 shares in the last quarter. Ruffer LLP boosted its stake in Enersys by 1.6% during the 2nd quarter. Ruffer LLP now owns 65,344 shares of the industrial products company’s stock valued at $5,605,000 after purchasing an additional 1,010 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Enersys by 23.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 65,176 shares of the industrial products company’s stock worth $5,590,000 after purchasing an additional 12,297 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Enersys by 15.8% in the second quarter. GAMMA Investing LLC now owns 1,559 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Enersys Stock Performance

NYSE ENS opened at $121.55 on Thursday. 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 company has a market capitalization of $4.55 billion, a PE ratio of 13.88, a price-to-earnings-growth 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 50-day simple moving average of $106.36 and a 200 day simple moving average of $94.21.

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

Enersys Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Enersys’s previous quarterly dividend of $0.24. Enersys’s payout ratio is currently 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.