BNP Paribas Financial Markets raised its holdings in Enersys (NYSE:ENS – Free Report) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,489 shares of the industrial products company’s stock after purchasing an additional 27,958 shares during the period. BNP Paribas Financial Markets’ holdings in Enersys were worth $16,948,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Enersys in the fourth quarter valued at about $78,599,000. Intech Investment Management LLC lifted its stake in shares of Enersys by 61.9% during the fourth quarter. Intech Investment Management LLC now owns 54,131 shares of the industrial products company’s stock valued at $7,944,000 after buying an additional 20,696 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Enersys during the fourth quarter valued at approximately $55,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Enersys during the fourth quarter valued at approximately $2,031,000. Finally, AlphaQuest LLC lifted its stake in shares of Enersys by 106.4% during the fourth quarter. AlphaQuest LLC now owns 24,324 shares of the industrial products company’s stock valued at $3,570,000 after buying an additional 12,540 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.
Enersys Price Performance
Enersys stock opened at $226.36 on Friday. Enersys has a 52-week low of $80.82 and a 52-week high of $244.30. The firm has a fifty day moving average of $210.20 and a 200-day moving average of $177.84. The firm has a market capitalization of $8.27 billion, a P/E ratio of 29.36, a PEG ratio of 1.25 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.66 and a debt-to-equity ratio of 0.57.
Enersys Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 19th will be issued a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 18th. Enersys’s dividend payout ratio (DPR) is presently 13.62%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research note on Friday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $265.00 price target on shares of Enersys in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Enersys from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. BTIG Research upped their price target on shares of Enersys from $185.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Oppenheimer upped their price target on shares of Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $257.50.
View Our Latest Analysis on ENS
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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