Wellington Management Group LLP Makes New Investment in Enersys $ENS

Wellington Management Group LLP bought a new position in shares of Enersys (NYSE:ENS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97,908 shares of the industrial products company’s stock, valued at approximately $22,893,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Enersys in the 2nd quarter valued at about $34,000. Quantbot Technologies LP acquired a new position in Enersys during the second quarter worth approximately $39,000. CIBC Private Wealth Group LLC lifted its stake in Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock valued at $27,000 after buying an additional 98 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Enersys in the fourth quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Enersys by 239.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 151 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Trading Up 1.2%

Shares of ENS stock opened at $182.08 on Friday. The company has a market capitalization of $6.57 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $195.27 and its two-hundred day moving average is $198.32. Enersys has a twelve month low of $102.40 and a twelve month high of $244.30.

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

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 18th. This is a positive change from Enersys’s previous quarterly dividend of $0.26. Enersys’s payout ratio is presently 12.31%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ENS. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Roth Capital reissued a “buy” rating and set a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Weiss Ratings lowered shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, TD Cowen upped their target price on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.