Legal & General Group Plc Acquires New Position in Enersys $ENS

Legal & General Group Plc bought a new position in shares of Enersys (NYSE:ENS) during the 2nd quarter, Holdings Channel reports. The firm bought 52,719 shares of the industrial products company’s stock, valued at approximately $12,327,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its holdings 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 during the period. Allworth Financial LP increased its stake in Enersys by 442.2% in the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 199 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Enersys during the fourth quarter worth $30,000. SBI Securities Co. Ltd. raised its holdings in Enersys by 239.7% during 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 last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Enersys during the second quarter worth $34,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENS has been the topic of several research reports. Roth Capital reissued a “buy” rating and issued a $265.00 target price on shares of Enersys in a report on Friday, May 22nd. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Weiss Ratings cut shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, TD Cowen raised their target price on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $265.00.

Enersys Price Performance

ENS stock opened at $184.03 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The stock’s 50 day moving average price is $198.61 and its 200 day moving average price is $198.42. The firm has a market cap of $6.64 billion, a P/E ratio of 19.70, a PEG ratio of 0.92 and a beta of 1.19. Enersys has a 1 year low of $98.46 and a 1 year high of $244.30.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The company had revenue of $935.64 million during the quarter, compared to analysts’ expectations of $928.01 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, sell-side analysts expect that Enersys will post 13.41 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a $0.2875 dividend. This is a positive change from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a yield of 0.6%. Enersys’s payout ratio is currently 11.24%.

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.