Fifth Third Bancorp Has $2.58 Million Stake in Enersys $ENS

Fifth Third Bancorp increased its stake in shares of Enersys (NYSE:ENS) by 5,421.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,853 shares of the industrial products company’s stock after buying an additional 14,584 shares during the period. Fifth Third Bancorp’s holdings in Enersys were worth $2,580,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PFG Investments LLC grew its holdings in Enersys by 4.2% during the fourth quarter. PFG Investments LLC now owns 1,939 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 78 shares during the period. Stifel Financial Corp lifted its holdings in Enersys by 2.0% during the 4th quarter. Stifel Financial Corp now owns 4,252 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 84 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Enersys by 4.9% during the fourth quarter. Kestra Advisory Services LLC now owns 2,009 shares of the industrial products company’s stock worth $295,000 after buying an additional 94 shares in the last quarter. Merit Financial Group LLC raised its stake in Enersys by 3.8% in the 3rd quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 97 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Enersys by 116.7% in 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. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Roth Capital restated a “buy” rating and set a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Oppenheimer lifted their price target on shares of Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. BTIG Research raised their price target on shares of Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Enersys currently has a consensus rating of “Moderate Buy” and an average target price of $265.00.

Enersys Price Performance

Shares of Enersys stock opened at $192.43 on Tuesday. The business has a 50 day moving average of $221.89 and a 200 day moving average of $193.58. Enersys has a 52 week low of $88.38 and a 52 week high of $244.30. The company has a market cap of $7.02 billion, a PE ratio of 24.96, a P/E/G ratio of 1.08 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 (NYSE:ENS) last announced its earnings results on Wednesday, May 20th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.19. Enersys had a net margin of 7.83% and a return on equity of 21.39%. The firm had revenue of $987.94 million for the quarter, compared to analyst estimates of $973.84 million. During the same quarter in the previous year, the firm posted $2.97 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. As a group, equities research analysts forecast that Enersys will post 12.1 earnings per share for the current year.

Enersys Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 19th were given a dividend of $0.2625 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.05 annualized dividend and a dividend yield of 0.5%. Enersys’s payout ratio is currently 13.62%.

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.