QRG Capital Management Inc. Has $519,000 Stock Holdings in Enersys $ENS

QRG Capital Management Inc. trimmed its holdings in Enersys (NYSE:ENS) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,056 shares of the industrial products company’s stock after selling 990 shares during the quarter. QRG Capital Management Inc.’s holdings in Enersys were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENS. UMB Bank n.a. lifted its holdings in shares of Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 284 shares during the period. GAMMA Investing LLC boosted its holdings in Enersys by 284.6% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company’s stock worth $123,000 after buying an additional 996 shares during the last quarter. CX Institutional bought a new position in Enersys during the first quarter worth about $69,000. Azzad Asset Management Inc. ADV lifted its holdings in shares of Enersys by 3.4% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,422 shares of the industrial products company’s stock valued at $954,000 after purchasing an additional 339 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enersys by 11.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company’s stock valued at $1,077,000 after purchasing an additional 1,165 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded Enersys from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a report on Wednesday. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Roth Capital restated a “buy” rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $118.33.

Enersys Price Performance

ENS opened at $109.26 on Friday. The stock has a 50-day moving average price of $104.70 and a 200-day moving average price of $93.71. Enersys has a 12-month low of $76.57 and a 12-month high of $117.94. 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 stock has a market capitalization of $4.09 billion, a P/E ratio of 12.47, a PEG ratio of 0.65 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 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.Enersys’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.98 EPS. Equities analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

The firm 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. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. 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. Enersys’s dividend 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.