Pacer Advisors Inc. Invests $578,000 in EnerSys (NYSE:ENS)

Posted by on May 4th, 2023

Pacer Advisors Inc. purchased a new position in EnerSys (NYSE:ENS – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,824 shares of the industrial products company’s stock, valued at approximately $578,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of EnerSys by 2.5% in the 4th quarter. Synovus Financial Corp now owns 7,663 shares of the industrial products company’s stock worth $566,000 after buying an additional 184 shares during the last quarter. Hancock Whitney Corp purchased a new position in shares of EnerSys in the 4th quarter worth $231,000. Fisher Asset Management LLC purchased a new position in shares of EnerSys in the 4th quarter worth $26,069,000. Mission Wealth Management LP purchased a new position in shares of EnerSys in the 4th quarter worth $225,000. Finally, ProShare Advisors LLC boosted its stake in shares of EnerSys by 15.8% in the 4th quarter. ProShare Advisors LLC now owns 7,909 shares of the industrial products company’s stock worth $584,000 after buying an additional 1,080 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Price Performance

NYSE ENS opened at $82.41 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The business’s fifty day moving average is $83.99 and its 200 day moving average is $78.96. The company has a market capitalization of $3.37 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. EnerSys has a fifty-two week low of $55.60 and a fifty-two week high of $94.32.

EnerSys (NYSE:ENS – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $920.20 million for the quarter, compared to analysts’ expectations of $926.36 million. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Sell-side analysts predict that EnerSys will post 4.89 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.70 dividend on an annualized basis and a yield of 0.85%. EnerSys’s dividend payout ratio is presently 20.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on EnerSys in a research report on Thursday, March 16th. They set a “strong-buy” rating on the stock.

About EnerSys

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.

Further Reading

Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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