Vest Financial LLC Purchases 12,426 Shares of Enersys $ENS

Vest Financial LLC increased its position in Enersys (NYSE:ENS) by 38.2% in the second quarter, Holdings Channel.com reports. The fund owned 44,914 shares of the industrial products company’s stock after acquiring an additional 12,426 shares during the quarter. Vest Financial LLC’s holdings in Enersys were worth $3,852,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $31,000 after acquiring an additional 325 shares during the period. Gen Wealth Partners Inc bought a new stake in Enersys during the first quarter valued at approximately $36,000. UMB Bank n.a. lifted its position in Enersys by 80.6% during the second 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. CX Institutional bought a new stake in Enersys during the first quarter valued at approximately $69,000. Finally, Covestor Ltd lifted its position in Enersys by 34.0% during the first 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. 94.93% of the stock is currently owned by institutional investors.

Enersys Stock Up 5.8%

Shares of NYSE ENS opened at $115.66 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. Enersys has a 52 week low of $76.57 and a 52 week high of $117.94. The firm’s fifty day moving average is $105.19 and its 200 day moving average is $93.84. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.62 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, 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 company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same period in the previous year, the firm earned $1.98 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.2625 dividend. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Enersys’s previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a dividend yield of 0.9%. Enersys’s payout ratio is presently 11.99%.

Analyst Ratings Changes

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