Enersys $ENS Shares Sold by Vest Financial LLC

by · The Markets Daily

Vest Financial LLC cut its stake in Enersys (NYSE:ENS – Free Report) by 10.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,769 shares of the industrial products company’s stock after selling 5,205 shares during the period. Vest Financial LLC’s holdings in Enersys were worth $8,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in Enersys during the second quarter worth approximately $1,221,455,000. Paradigm Capital Management Inc. NY acquired a new stake in Enersys in the second quarter worth approximately $102,249,000. Principal Financial Group Inc. lifted its position in Enersys by 10.1% in the first quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after purchasing an additional 50,660 shares during the period. Bank of America Corp DE acquired a new stake in Enersys in the second quarter worth approximately $84,699,000. Finally, Bank of New York Mellon Corp bought a new position in Enersys during the 2nd quarter valued at $69,388,000. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENS. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enersys in a research report on Tuesday, September 22nd. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. BTIG Research restated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a report on Thursday, August 13th. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Zacks Research cut Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $265.00.

Check Out Our Latest Stock Analysis on ENS

Enersys Stock Performance

Shares of ENS opened at $168.52 on Friday. The firm’s 50 day moving average is $182.18 and its 200-day moving average is $200.83. The stock has a market capitalization of $6.08 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. Enersys has a 12-month low of $119.19 and a 12-month high of $244.30.

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

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.7%. This is a positive change from Enersys’s previous quarterly dividend of $0.2625. The ex-dividend date was Friday, September 18th. Enersys’s dividend payout ratio (DPR) is presently 12.31%.

Enersys Profile

(Free Report)

EnerSys (NYSE: ENS) is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.

Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.

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