Legal & General Group Plc Takes $12.33 Million Position in Enersys $ENS

Legal & General Group Plc bought a new position in shares of Enersys (NYSE:ENS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,719 shares of the industrial products company’s stock, valued at approximately $12,327,000. Legal & General Group Plc owned about 0.14% of Enersys at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. United Services Automobile Association purchased a new position in Enersys during the 1st quarter worth $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 first 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 buying an additional 9,737 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Enersys in the second quarter valued at about $4,623,000. EverSource Wealth Advisors LLC boosted its stake in shares of Enersys by 626.3% during the second quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock worth $47,000 after buying an additional 476 shares during the period. Finally, Cerity Partners LLC acquired a new stake 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 Trading Down 0.8%

NYSE ENS opened at $184.03 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.64 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.92 and a beta of 1.19. Enersys has a 52-week low of $98.46 and a 52-week high of $244.30. The firm has a 50-day moving average price of $198.61 and a 200 day moving average price of $198.42.

Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The company had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same quarter in the previous year, the company earned $2.08 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts expect that Enersys will post 13.41 EPS for the current year.

Enersys Increases Dividend

The firm also recently disclosed 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. This is a boost from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 18th. Enersys’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen boosted their price target on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings lowered Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, BTIG Research reaffirmed a “buy” rating and set a $280.00 price target on shares of Enersys in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $265.00.

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.