Lingohr Asset Management GmbH raised its stake in shares of Enersys (NYSE:ENS – Free Report) by 1,900.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,420 shares of the industrial products company’s stock after purchasing an additional 61,199 shares during the period. Enersys accounts for 1.8% of Lingohr Asset Management GmbH’s holdings, making the stock its 16th biggest position. Lingohr Asset Management GmbH owned about 0.17% of Enersys worth $7,277,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Enersys by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 989,020 shares of the industrial products company’s stock worth $84,838,000 after buying an additional 23,252 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Enersys by 4.0% in the second quarter. First Trust Advisors LP now owns 882,082 shares of the industrial products company’s stock valued at $75,656,000 after acquiring an additional 33,887 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Enersys by 8.2% in the second quarter. AQR Capital Management LLC now owns 500,539 shares of the industrial products company’s stock valued at $42,931,000 after acquiring an additional 38,005 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Enersys by 13.9% in the second quarter. Segall Bryant & Hamill LLC now owns 474,181 shares of the industrial products company’s stock worth $40,671,000 after acquiring an additional 57,800 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Enersys during the second quarter worth approximately $38,229,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Enersys Price Performance
Enersys stock opened at $180.05 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.73 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $155.24 and a 200 day moving average price of $125.70. Enersys has a 12-month low of $76.57 and a 12-month high of $186.51. The stock has a market cap of $6.65 billion, a P/E ratio of 21.06, a PEG ratio of 1.20 and a beta of 1.10.
Enersys Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. Enersys’s dividend payout ratio is 12.28%.
Wall Street Analyst Weigh In
ENS has been the topic of several recent research reports. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research report on Tuesday. Zacks Research downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, BTIG Research raised shares of Enersys from a “neutral” rating to a “buy” rating in a research note on Monday, December 15th. Four research 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, Enersys presently has a consensus rating of “Moderate Buy” and an average price target of $129.00.
View Our Latest Research Report on Enersys
Insider Buying and Selling at Enersys
In other news, insider Chad C. Uplinger sold 6,702 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $151.46, for a total transaction of $1,015,084.92. Following the completion of the transaction, the insider directly owned 23,713 shares in the company, valued at approximately $3,591,570.98. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
Enersys Company 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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