New England Research & Management Inc. acquired a new stake in Enersys (NYSE:ENS – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,625 shares of the industrial products company’s stock, valued at approximately $1,032,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in Enersys by 107.5% during the third quarter. V Square Quantitative Management LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 100 shares in the last quarter. ABLE Financial Group LLC raised its position in Enersys by 6.6% in the 3rd quarter. ABLE Financial Group LLC now owns 17,988 shares of the industrial products company’s stock valued at $3,301,000 after buying an additional 1,115 shares during the last quarter. GAMMA Investing LLC lifted its stake in Enersys by 13.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,450 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 281 shares in the last quarter. Cim Investment Management Inc. lifted its stake in Enersys by 7.2% during the 2nd quarter. Cim Investment Management Inc. now owns 3,577 shares of the industrial products company’s stock valued at $836,000 after acquiring an additional 241 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Enersys by 17.4% during the 2nd quarter. QRG Capital Management Inc. now owns 18,583 shares of the industrial products company’s stock worth $4,345,000 after acquiring an additional 2,753 shares during the last quarter. 94.93% of the stock is owned by institutional investors.
Enersys Stock Performance
Enersys stock traded down $4.42 during mid-day trading on Friday, reaching $168.40. The company’s stock had a trading volume of 662,171 shares, compared to its average volume of 583,256. Enersys has a 12-month low of $116.87 and a 12-month high of $244.30. The company has a market capitalization of $6.07 billion, a P/E ratio of 18.03, a PEG ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The firm’s fifty day moving average price is $183.62 and its two-hundred day moving average price is $200.74.
Enersys (NYSE:ENS – Get Free Report) last issued its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. The business had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Sell-side analysts predict that Enersys will post 13.41 EPS for the current fiscal year.
Enersys Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were issued a dividend of $0.2875 per share. This is a boost from Enersys’s previous quarterly dividend of $0.2625. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a yield of 0.7%. Enersys’s payout ratio is currently 12.31%.
Wall Street Analysts Forecast Growth
ENS has been the subject of several recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $280.00 target price on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Oppenheimer restated an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Finally, Zacks Research lowered Enersys from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Five 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 stock currently has an average rating of “Moderate Buy” and an average price target of $265.00.
Get Our Latest Report on Enersys
Enersys Company Profile
EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.
Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.
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