Allspring Global Investments Holdings LLC Acquires 12,642 Shares of Enersys $ENS

Allspring Global Investments Holdings LLC lifted its stake in Enersys (NYSE:ENS) by 38.6% in the 1st quarter, HoldingsChannel reports. The firm owned 45,407 shares of the industrial products company’s stock after buying an additional 12,642 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Enersys were worth $8,076,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. PFG Investments LLC boosted its stake in Enersys by 4.2% during the fourth quarter. PFG Investments LLC now owns 1,939 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 78 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Enersys by 2.0% in 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 in the last quarter. Kestra Advisory Services LLC increased its holdings in Enersys by 4.9% in the 4th 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 holdings in shares of Enersys by 3.8% during the third quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 97 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Enersys by 116.7% during the 4th 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 last quarter. 94.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENS. Weiss Ratings cut shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Roth Capital reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Enersys in a research note on Friday, May 22nd. Oppenheimer raised their target price on shares of Enersys from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. TD Cowen lifted their price objective on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, BTIG Research boosted their target price on shares of Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.00.

Enersys Trading Down 0.7%

Shares of ENS opened at $199.82 on Friday. The company has a 50-day moving average of $219.83 and a 200 day moving average of $194.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.76. Enersys has a 1-year low of $88.76 and a 1-year high of $244.30. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.11 and a beta of 1.17.

Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.19. Enersys had a return on equity of 21.39% and a net margin of 7.83%.The company had revenue of $987.94 million for the quarter, compared to analysts’ expectations of $973.84 million. During the same quarter in the prior year, the firm earned $2.97 earnings per share. Enersys’s revenue was up 1.4% compared to the same quarter last year. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. On average, research analysts expect that Enersys will post 12.1 EPS for the current year.

Enersys Announces Dividend

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

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.