Diversified Trust Co acquired a new stake in shares of Enersys (NYSE:ENS – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund acquired 5,552 shares of the industrial products company’s stock, valued at approximately $964,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ENS. CIBC Private Wealth Group LLC increased its stake in shares of Enersys by 116.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 98 shares in the last quarter. Allworth Financial LP lifted its position in Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 199 shares during the period. Los Angeles Capital Management LLC bought a new stake in Enersys during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. grew its holdings in Enersys by 239.7% in the fourth 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, Leonteq Securities AG purchased a new stake in Enersys in the fourth quarter worth about $37,000. 94.93% of the stock is owned by hedge funds and other institutional investors.
Enersys Trading Down 3.8%
Shares of NYSE ENS opened at $224.02 on Wednesday. The firm’s 50 day moving average price is $221.90 and its 200-day moving average price is $185.42. Enersys has a 52-week low of $83.14 and a 52-week high of $244.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.76 and a current ratio of 2.66. The company has a market cap of $8.18 billion, a PE ratio of 29.06, a P/E/G ratio of 1.28 and a beta of 1.17.
Enersys Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 18th. Enersys’s dividend payout ratio is presently 13.62%.
Wall Street Analyst Weigh In
ENS has been the subject of several recent research reports. BTIG Research lifted their target price on shares of Enersys from $250.00 to $280.00 and gave the company a “buy” rating in a report on Friday, June 12th. TD Cowen upped 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. Roth Mkm reaffirmed a “buy” rating and set a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Wall Street Zen cut Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Oppenheimer boosted their target price on Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $265.00.
Get Our Latest Research Report 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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