First National Bank of Omaha purchased a new position in shares of Enersys (NYSE:ENS – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,587 shares of the industrial products company’s stock, valued at approximately $2,709,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Enersys by 116.7% during 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 period. Allworth Financial LP grew its stake in Enersys by 442.2% in the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 199 shares during the period. Los Angeles Capital Management LLC acquired a new position in Enersys in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. lifted its stake in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Enersys during the 2nd quarter worth $34,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
Enersys Trading Down 0.8%
Shares of ENS opened at $200.75 on Wednesday. Enersys has a 12 month low of $97.03 and a 12 month high of $244.30. The stock’s 50-day moving average is $205.27 and its two-hundred day moving average is $197.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The stock has a market cap of $7.32 billion, a PE ratio of 21.49, a P/E/G ratio of 1.10 and a beta of 1.19.
Enersys Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.6%. This is a positive change from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. Enersys’s dividend payout ratio is 12.31%.
Wall Street Analyst Weigh In
ENS has been the subject of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday. TD Cowen raised their price target on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings cut Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $265.00.
Get Our Latest Research Report on ENS
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.
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