Ceredex Value Advisors LLC purchased a new stake in shares of Enersys (NYSE:ENS – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 52,375 shares of the industrial products company’s stock, valued at approximately $12,246,000. Ceredex Value Advisors LLC owned approximately 0.14% of Enersys at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. United Services Automobile Association bought a new stake in Enersys during the first quarter valued at $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Enersys by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock valued at $10,419,000 after acquiring an additional 9,737 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Enersys in the 2nd quarter valued at about $4,623,000. EverSource Wealth Advisors LLC boosted its position in shares of Enersys by 626.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 476 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Enersys during the second quarter worth about $460,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.
Enersys Stock Performance
Shares of NYSE ENS opened at $189.57 on Friday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 0.96 and a beta of 1.19. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. Enersys has a 1-year low of $97.03 and a 1-year high of $244.30. The stock’s 50-day moving average is $204.09 and its 200 day moving average is $197.84.
Enersys Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. This is an increase from Enersys’s previous quarterly dividend of $0.26. Enersys’s payout ratio is 11.24%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ENS shares. Roth Capital restated a “buy” rating and issued a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Zacks Research upgraded shares of Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. TD Cowen boosted their price target on shares of Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, BTIG Research restated a “buy” rating and set a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $265.00.
Check Out Our Latest Analysis on ENS
Trending Headlines about Enersys
Here are the key news stories impacting Enersys this week:
- Positive Sentiment: Zacks upgraded Enersys from “Hold” to “Strong Buy,” adding to the bullish analyst momentum surrounding the battery and energy-storage company. Zacks upgrade report
- Positive Sentiment: Enersys was highlighted as a high-growth, GARP investment with a discounted PEG ratio, indicating that its valuation appears attractive relative to expected earnings growth. High-growth GARP stocks article
- Positive Sentiment: ENS appeared on Zacks’ Strong Buy lists for growth, value and new Strong Buy additions, reinforcing the view that analysts see favorable earnings potential and valuation. Zacks growth stocks list
- Positive Sentiment: Enersys was identified as a value stock with an attractive enterprise-value-to-EBITDA ratio and strong earnings outlook. Value stocks article
- Positive Sentiment: ENS was included among dividend stocks that recently raised their payouts, supporting the income-investment case even amid geopolitical uncertainty. Dividend hikes article
- Neutral Sentiment: Brokerages currently assign Enersys a consensus “Moderate Buy” rating, positive but less decisive than the new Zacks “Strong Buy” designation. Brokerage consensus report
About Enersys
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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