Sequoia Financial Advisors LLC purchased a new position in Enersys (NYSE:ENS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,122 shares of the industrial products company’s stock, valued at approximately $353,000.
A number of other large investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC grew its stake in shares of Enersys by 3.8% in the third quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 97 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in Enersys by 6.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 176 shares in the last quarter. First National Advisers LLC grew its position in Enersys by 4.8% during the 3rd quarter. First National Advisers LLC now owns 4,331 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 200 shares during the last quarter. Retirement Systems of Alabama grew its position in Enersys by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 48,191 shares of the industrial products company’s stock valued at $4,133,000 after purchasing an additional 202 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Enersys by 15.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,559 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.
Enersys Price Performance
NYSE ENS opened at $179.58 on Wednesday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.13 and a beta of 1.10. Enersys has a 1-year low of $76.57 and a 1-year high of $179.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 1.73. The business’s fifty day moving average price is $152.51 and its 200-day moving average price is $124.25.
Enersys Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 12th. Enersys’s payout ratio is 12.28%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ENS. Zacks Research downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. BTIG Research upgraded Enersys from a “neutral” rating to a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research note on Thursday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.00.
Check Out Our Latest Research Report on ENS
Insider Buying and Selling
In other Enersys news, insider Chad C. Uplinger sold 6,702 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $151.46, for a total value of $1,015,084.92. Following the transaction, the insider directly owned 23,713 shares in the company, valued at approximately $3,591,570.98. This trade represents a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
Enersys 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.
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