Vest Financial LLC reduced its stake in shares of Enersys (NYSE:ENS – Free Report) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,769 shares of the industrial products company’s stock after selling 5,205 shares during the quarter. Vest Financial LLC owned about 0.12% of Enersys worth $8,033,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Skylands Capital LLC increased its position in Enersys by 7.3% in the third quarter. Skylands Capital LLC now owns 47,590 shares of the industrial products company’s stock worth $8,734,000 after buying an additional 3,225 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Enersys by 20.7% in the third quarter. Crossmark Global Holdings Inc. now owns 1,554 shares of the industrial products company’s stock valued at $285,000 after buying an additional 266 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Enersys by 18.4% during the third quarter. Nisa Investment Advisors LLC now owns 7,395 shares of the industrial products company’s stock valued at $1,359,000 after acquiring an additional 1,151 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Enersys by 33.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,578 shares of the industrial products company’s stock valued at $3,043,000 after acquiring an additional 4,156 shares during the period. Finally, Net Worth Advisory Group boosted its holdings in shares of Enersys by 3.2% during the third quarter. Net Worth Advisory Group now owns 3,470 shares of the industrial products company’s stock valued at $658,000 after acquiring an additional 108 shares during the period. 94.93% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ENS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. BTIG Research reissued a “buy” rating and set a $280.00 target price on shares of Enersys in a research note on Thursday, August 13th. Zacks Research cut shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.
Read Our Latest Analysis on Enersys
Enersys Stock Down 4.7%
ENS opened at $168.52 on Friday. Enersys has a 12 month low of $119.19 and a 12 month high of $244.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The stock has a market cap of $6.08 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.88 and a beta of 1.18. The stock’s 50 day moving average price is $182.18 and its 200 day moving average price is $200.83.
Enersys (NYSE:ENS – Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%. The firm had revenue of $935.64 million for the quarter, compared to the consensus estimate of $928.01 million. During the same quarter in the previous year, the business earned $2.08 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, research analysts predict that Enersys will post 13.41 earnings per share for the current year.
Enersys Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a dividend of $0.2875 per share. This is an increase from Enersys’s previous quarterly dividend of $0.2625. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 18th. Enersys’s dividend payout ratio (DPR) is presently 12.31%.
Enersys Company Profile
EnerSys (NYSE: ENS) is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.
Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.
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