Convergence Investment Partners LLC Buys 3,332 Shares of Enersys $ENS

Convergence Investment Partners LLC grew its stake in shares of Enersys (NYSE:ENS) by 32.6% during the first quarter, Holdings Channel reports. The institutional investor owned 13,546 shares of the industrial products company’s stock after buying an additional 3,332 shares during the period. Convergence Investment Partners LLC’s holdings in Enersys were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Florida Financial Advisors LLC purchased a new stake in Enersys in the 1st quarter worth approximately $1,925,000. Parallel Advisors LLC raised its stake in Enersys by 32.5% during the 1st quarter. Parallel Advisors LLC now owns 501 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 123 shares during the period. KBC Group NV lifted its holdings in Enersys by 2,848.9% during the first quarter. KBC Group NV now owns 33,559 shares of the industrial products company’s stock valued at $5,830,000 after purchasing an additional 32,421 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Enersys by 12.7% during the first quarter. California Public Employees Retirement System now owns 85,138 shares of the industrial products company’s stock valued at $14,790,000 after purchasing an additional 9,590 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Enersys by 5.5% in the first quarter. Assetmark Inc. now owns 6,548 shares of the industrial products company’s stock worth $1,138,000 after purchasing an additional 339 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENS has been the subject of a number of analyst reports. Oppenheimer increased their price objective on shares of Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Roth Capital restated a “buy” rating and set a $265.00 target price on shares of Enersys in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Enersys from a “strong-buy” rating to a “buy” rating in a report on Saturday. BTIG Research increased their price target on Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, TD Cowen raised their price target on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

Enersys Trading Down 2.1%

ENS stock opened at $192.43 on Tuesday. Enersys has a 1-year low of $88.38 and a 1-year high of $244.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.76. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.08 and a beta of 1.17. The business has a 50 day simple moving average of $221.89 and a two-hundred day simple moving average of $193.58.

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

Enersys Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 19th were paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 18th. Enersys’s dividend payout ratio (DPR) is presently 13.62%.

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.