Wedge Capital Management L L P NC Sells 7,763 Shares of Enersys $ENS

by · The Markets Daily

Wedge Capital Management L L P NC reduced its position in shares of Enersys (NYSE:ENSFree Report) by 16.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,686 shares of the industrial products company’s stock after selling 7,763 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Enersys were worth $4,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. grew its holdings in Enersys by 535.8% in the 1st quarter. Raymond James Financial Inc. now owns 38,591 shares of the industrial products company’s stock worth $3,534,000 after acquiring an additional 32,521 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Enersys by 6.7% in the first quarter. Hsbc Holdings PLC now owns 16,912 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 1,066 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Enersys during the 1st quarter valued at about $127,000. Jump Financial LLC purchased a new position in shares of Enersys during the first quarter valued at approximately $1,411,000. Finally, Aristides Capital LLC purchased a new stake in Enersys in the first quarter worth $256,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

ENS has been the topic of a number of research analyst reports. Zacks Research raised shares of Enersys from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. BTIG Research raised shares of Enersys from a “neutral” rating to a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $126.00.

Check Out Our Latest Analysis on ENS

Insider Buying and Selling at Enersys

In related news, insider Chad C. Uplinger sold 6,702 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $151.46, for a total transaction of $1,015,084.92. Following the completion of the sale, the insider owned 23,713 shares of the company’s stock, valued at $3,591,570.98. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Enersys Price Performance

ENS stock opened at $148.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.77. The firm has a 50 day moving average price of $135.38 and a 200-day moving average price of $110.86. Enersys has a 52-week low of $76.57 and a 52-week high of $152.01. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.95 and a beta of 1.10.

Enersys (NYSE:ENSGet Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. Enersys had a return on equity of 22.48% and a net margin of 9.05%.The company had revenue of $951.30 million for the quarter, compared to the consensus estimate of $890.27 million. During the same quarter in the prior year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Enersys has set its Q3 2026 guidance at 2.710-2.81 EPS. Equities research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $0.2625 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.05 annualized dividend and a yield of 0.7%. Enersys’s payout ratio is 12.28%.

Enersys Company Profile

(Free Report)

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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