Deutsche Bank AG Grows Stake in Enersys (NYSE:ENS)

Deutsche Bank AG grew its holdings in Enersys (NYSE:ENS) by 100.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,776 shares of the industrial products company’s stock after purchasing an additional 53,537 shares during the period. Deutsche Bank AG’s holdings in Enersys were worth $9,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in shares of Enersys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 204 shares during the period. UMB Bank n.a. raised its position in shares of Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 284 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 100 shares during the period. CX Institutional bought a new stake in shares of Enersys in the first quarter valued at approximately $69,000. Finally, Parallel Advisors LLC raised its position in shares of Enersys by 51.7% in the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 324 shares during the period. Institutional investors own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of Enersys in a research report on Wednesday, May 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th.

Insiders Place Their Bets

In related news, CEO Shawn M. O’connell purchased 475 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $83.76 per share, with a total value of $39,786.00. Following the acquisition, the chief executive officer directly owned 43,030 shares of the company’s stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrea J. Funk purchased 315 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,085 shares of company stock worth $89,726 in the last three months. Insiders own 0.91% of the company’s stock.

Enersys Stock Performance

Enersys stock opened at $98.36 on Friday. The firm’s 50 day simple moving average is $89.81 and its 200 day simple moving average is $91.46. 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 firm has a market capitalization of $3.69 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.03. The business had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. Enersys’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 EPS. As a group, analysts expect 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 will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Enersys’s previous quarterly dividend of $0.24. Enersys’s payout ratio is currently 10.96%.

Enersys Company 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.