Neuberger Berman Group LLC increased its holdings in shares of Enersys (NYSE:ENS – Free Report) by 82.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,296 shares of the industrial products company’s stock after purchasing an additional 1,938 shares during the quarter. Neuberger Berman Group LLC’s holdings in Enersys were worth $368,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Johnson Investment Counsel Inc. increased its position in shares of Enersys by 6.7% in the second quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 176 shares in the last quarter. Assetmark Inc. boosted its position in Enersys by 3.0% during the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 193 shares during the period. Retirement Systems of Alabama increased its holdings in Enersys by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 48,191 shares of the industrial products company’s stock valued at $4,133,000 after purchasing an additional 202 shares in the last quarter. US Bancorp DE raised its position in Enersys by 3.6% in the first quarter. US Bancorp DE now owns 6,121 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 211 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Enersys by 15.8% during the second quarter. GAMMA Investing LLC now owns 1,559 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 213 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.
Enersys Stock Performance
Shares of ENS opened at $143.11 on Friday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.71 and a beta of 1.13. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $124.59 and its two-hundred day moving average is $104.23. Enersys has a 52-week low of $76.57 and a 52-week high of $144.58.
Enersys Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be given a $0.2625 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.05 annualized dividend and a dividend yield of 0.7%. Enersys’s payout ratio is presently 12.28%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ENS. Roth Capital reiterated a “buy” rating and issued a $120.00 target price on shares of Enersys in a research note on Tuesday, August 5th. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $126.00.
Check Out Our Latest Stock Report on ENS
About Enersys
EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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