Lazard Asset Management LLC Has $9.14 Million Stock Position in Enersys $ENS

Lazard Asset Management LLC lowered its stake in shares of Enersys (NYSE:ENS) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,599 shares of the industrial products company’s stock after selling 13,154 shares during the quarter. Lazard Asset Management LLC’s holdings in Enersys were worth $9,137,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Enersys in the 4th quarter worth $78,599,000. LSV Asset Management raised its position in shares of Enersys by 298.9% during the fourth quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after buying an additional 421,338 shares during the last quarter. Millennium Management LLC raised its position in shares of Enersys by 257.8% during the third quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock valued at $62,893,000 after buying an additional 401,167 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Enersys by 342.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company’s stock valued at $57,641,000 after buying an additional 304,018 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Enersys by 508.6% in the fourth quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company’s stock valued at $47,684,000 after buying an additional 271,548 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Trading Down 4.0%

Shares of Enersys stock opened at $176.31 on Thursday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The company has a 50-day simple moving average of $216.80 and a 200 day simple moving average of $195.52. The company has a quick ratio of 1.76, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. Enersys has a 12-month low of $88.76 and a 12-month high of $244.30.

Enersys (NYSE:ENS) last announced its earnings results on Wednesday, May 20th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.00 by $0.19. Enersys had a return on equity of 21.39% and a net margin of 7.83%.The business had revenue of $987.94 million for the quarter, compared to the consensus estimate of $973.84 million. During the same period in the previous year, the business earned $2.97 EPS. Enersys’s revenue was up 1.4% compared to the same quarter last year. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. Research analysts expect that Enersys will post 12.1 earnings per share for the current fiscal year.

Enersys Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 19th were paid a $0.2625 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.6%. Enersys’s payout ratio is currently 13.62%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ENS shares. Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. TD Cowen lifted their price objective on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Oppenheimer upped their target price on Enersys from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. BTIG Research raised their target price on Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Finally, Weiss Ratings downgraded shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Enersys currently has an average rating of “Moderate Buy” and a consensus price target of $265.00.

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.