Florida Financial Advisors LLC purchased a new stake in shares of Enersys (NYSE:ENS – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,079 shares of the industrial products company’s stock, valued at approximately $1,925,000.
A number of other large investors have also recently modified their holdings of ENS. Norges Bank bought a new position in Enersys in the fourth quarter worth approximately $78,599,000. LSV Asset Management raised its position in Enersys by 298.9% during the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Millennium Management LLC raised its position in Enersys by 257.8% during the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock valued at $62,893,000 after purchasing an additional 401,167 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Enersys by 342.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company’s stock worth $57,641,000 after buying an additional 304,018 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Enersys by 508.6% in the 4th quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company’s stock worth $47,684,000 after buying an additional 271,548 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.
Enersys Trading Down 2.1%
Shares of Enersys stock opened at $192.43 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 1.76 and a debt-to-equity ratio of 0.57. Enersys has a 12-month low of $88.38 and a 12-month high of $244.30. The firm 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 firm’s 50 day simple moving average is $221.89 and its two-hundred day simple moving average is $193.58.
Enersys Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.05 dividend on an annualized basis and a yield of 0.5%. Enersys’s payout ratio is currently 13.62%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday. TD Cowen upped their price objective on shares of Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Oppenheimer increased their target price on shares of Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Roth Capital reissued a “buy” rating and set a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. Finally, Weiss Ratings lowered shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.00.
Get Our Latest Stock Analysis on Enersys
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.
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