Global Alpha Capital Management Ltd. decreased its stake in shares of Enersys (NYSE:ENS – Free Report) by 36.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,051 shares of the industrial products company’s stock after selling 16,300 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Enersys were worth $4,116,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Cookson Peirce & Co. Inc. acquired a new position in shares of Enersys during the 4th quarter valued at $1,264,000. Vestcor Inc grew its holdings in Enersys by 29.8% in the fourth quarter. Vestcor Inc now owns 3,969 shares of the industrial products company’s stock worth $582,000 after purchasing an additional 911 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Enersys in the fourth quarter worth $4,188,000. Vise Technologies Inc. increased its stake in Enersys by 12.6% in the fourth quarter. Vise Technologies Inc. now owns 3,073 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 344 shares in the last quarter. Finally, Globeflex Capital L P raised its holdings in shares of Enersys by 1.0% during the fourth quarter. Globeflex Capital L P now owns 57,866 shares of the industrial products company’s stock valued at $8,492,000 after purchasing an additional 559 shares during the period. Institutional investors own 94.93% of the company’s stock.
Enersys Trading Down 5.0%
ENS opened at $226.36 on Friday. Enersys has a fifty-two week low of $80.82 and a fifty-two week high of $244.30. The firm has a market capitalization of $8.27 billion, a PE ratio of 29.36, a P/E/G ratio of 1.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.76. The company’s 50-day moving average is $210.20 and its 200 day moving average is $177.84.
Enersys Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 19th will be given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 18th. Enersys’s dividend payout ratio is presently 13.62%.
Analyst Upgrades and Downgrades
ENS has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. TD Cowen boosted their target price on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Roth Mkm reiterated a “buy” rating and issued a $265.00 price target on shares of Enersys in a report on Friday, May 22nd. BTIG Research raised their price objective on Enersys from $185.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.50.
Enersys Company Profile
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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