Trexquant Investment LP Acquires 36,049 Shares of EnerSys (NYSE:ENS)

Trexquant Investment LP lifted its stake in EnerSys (NYSE:ENS) by 881.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,139 shares of the industrial products company’s stock after purchasing an additional 36,049 shares during the period. Trexquant Investment LP owned about 0.10% of EnerSys worth $4,052,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in EnerSys during the 3rd quarter valued at $25,000. Huntington National Bank lifted its stake in EnerSys by 189.6% in the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 237 shares during the period. Parkside Financial Bank & Trust grew its holdings in EnerSys by 1,386.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 416 shares in the last quarter. Principal Securities Inc. purchased a new position in EnerSys during the 4th quarter valued at about $52,000. Finally, Arlington Trust Co LLC bought a new stake in shares of EnerSys in the 4th quarter valued at about $157,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 10.8 %

Shares of EnerSys stock opened at $107.94 on Friday. EnerSys has a 1-year low of $83.24 and a 1-year high of $113.34. The stock has a market cap of $4.36 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $93.17 and its 200-day simple moving average is $93.59.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.02 by $0.06. The firm had revenue of $910.70 million for the quarter, compared to analyst estimates of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.41%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 EPS. Analysts predict that EnerSys will post 8.41 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.83%. EnerSys’s payout ratio is 13.85%.

Analyst Ratings Changes

Several research firms have issued reports on ENS. BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday. Oppenheimer cut shares of EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EnerSys presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

EnerSys Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.