QRG Capital Management Inc. Increases Stock Position in Enersys $ENS

QRG Capital Management Inc. raised its stake in shares of Enersys (NYSE:ENS) by 53.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,830 shares of the industrial products company’s stock after purchasing an additional 5,522 shares during the period. QRG Capital Management Inc.’s holdings in Enersys were worth $2,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ENS. First Trust Advisors LP grew its holdings in Enersys by 9.4% during the 3rd quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company’s stock valued at $109,009,000 after buying an additional 82,944 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Enersys in the fourth quarter valued at $11,963,000. CWA Asset Management Group LLC bought a new stake in Enersys in the fourth quarter worth $1,700,000. Nkcfo LLC bought a new position in Enersys during the fourth quarter valued at $986,000. Finally, UBS Group AG grew its stake in shares of Enersys by 47.2% in the 4th quarter. UBS Group AG now owns 406,113 shares of the industrial products company’s stock worth $59,597,000 after buying an additional 130,162 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Enersys Trading Down 8.1%

Shares of ENS traded down $17.33 during midday trading on Tuesday, hitting $195.98. The stock had a trading volume of 111,427 shares, compared to its average volume of 468,705. The stock’s 50 day moving average is $225.52 and its 200 day moving average is $189.93. The firm has a market cap of $7.16 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.76. Enersys has a 1 year low of $85.56 and a 1 year high of $244.30.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.19. The firm had revenue of $987.94 million during 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 firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.97 EPS. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. As a group, analysts forecast that Enersys will post 12.1 EPS for the current fiscal year.

Enersys Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENS. Roth Capital restated a “buy” rating and set a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. Oppenheimer boosted their price objective on Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. TD Cowen raised their price objective on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, BTIG Research lifted their target price on Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.