State of New Jersey Common Pension Fund D Purchases 4,015 Shares of Enersys $ENS

State of New Jersey Common Pension Fund D lifted its position in shares of Enersys (NYSE:ENS) by 21.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,172 shares of the industrial products company’s stock after buying an additional 4,015 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Enersys were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Moloney Securities Asset Management LLC grew its holdings in shares of Enersys by 41.1% during the second quarter. Moloney Securities Asset Management LLC now owns 3,957 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 1,152 shares during the last quarter. Paralel Advisors LLC grew its holdings in shares of Enersys by 9.7% during the second quarter. Paralel Advisors LLC now owns 29,173 shares of the industrial products company’s stock worth $2,502,000 after purchasing an additional 2,591 shares during the last quarter. Aurora Investment Counsel grew its holdings in shares of Enersys by 2.7% during the second quarter. Aurora Investment Counsel now owns 20,676 shares of the industrial products company’s stock worth $1,773,000 after purchasing an additional 551 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Enersys during the second quarter worth about $2,502,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Enersys by 249.0% during the second quarter. Allianz Asset Management GmbH now owns 428,394 shares of the industrial products company’s stock worth $36,743,000 after purchasing an additional 305,635 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Enersys Price Performance

Shares of NYSE:ENS opened at $125.16 on Friday. 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 twelve month low of $76.57 and a twelve month high of $125.97. The stock’s 50 day moving average is $111.76 and its 200-day moving average is $97.17. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.71 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, topping analysts’ consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same period in the prior year, the firm earned $1.98 earnings per share. Enersys’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.2625 per share. 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 dividend on an annualized basis and a dividend yield of 0.8%. Enersys’s payout ratio is currently 11.99%.

Analyst Upgrades and Downgrades

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

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.