Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Enersys (NYSE:ENS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,200 shares of the industrial products company’s stock, valued at approximately $7,768,000. Livforsakringsbolaget Skandia Omsesidigt owned about 0.09% of Enersys as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its position in shares of Enersys by 116.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after buying an additional 98 shares in the last quarter. Allworth Financial LP increased its stake in shares of Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 199 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Enersys in the fourth quarter worth $30,000. SBI Securities Co. Ltd. boosted its stake in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 151 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Enersys during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Enersys Trading Down 3.0%
NYSE:ENS opened at $185.28 on Friday. The business has a fifty day moving average of $199.58 and a 200-day moving average of $198.19. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.95 and a beta of 1.19. Enersys has a 1 year low of $98.46 and a 1 year high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80.
Enersys Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a yield of 0.6%. This is an increase from Enersys’s previous quarterly dividend of $0.26. Enersys’s dividend payout ratio (DPR) is 11.24%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on ENS shares. Weiss Ratings downgraded shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Roth Capital reissued a “buy” rating and issued a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. TD Cowen upped their price target on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. BTIG Research reiterated a “buy” rating and issued a $280.00 price target on shares of Enersys in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $265.00.
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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