Enersys (NYSE:ENS) Stock Falls 7% – Here’s What Happened

Enersys (NYSE:ENS) fell 7% during trading on Wednesday. The stock traded as low as $179.51 and last traded at $178.9570. Approximately 81,170 shares were traded during trading, a decline of 83% from the average session volume of 486,190 shares. The stock had previously closed at $192.49.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and set a $280.00 target price on shares of Enersys in a research report on Thursday, August 13th. Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $265.00.

Enersys Trading Down 5.6%

The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $6.55 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.96 and a beta of 1.18. The firm’s 50-day moving average price is $185.40 and its 200 day moving average price is $200.66.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. The business had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, equities research analysts predict that Enersys will post 13.41 earnings per share for the current year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a dividend of $0.2875 per share. This is a boost from Enersys’s previous quarterly dividend of $0.2625. The ex-dividend date was Friday, September 18th. This represents a $1.15 annualized dividend and a yield of 0.6%. Enersys’s dividend payout ratio (DPR) is 12.31%.

Institutional Trading of Enersys

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cim Investment Management Inc. boosted its holdings in Enersys by 7.2% during the second quarter. Cim Investment Management Inc. now owns 3,577 shares of the industrial products company’s stock worth $836,000 after purchasing an additional 241 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Enersys by 17.4% in the 2nd quarter. QRG Capital Management Inc. now owns 18,583 shares of the industrial products company’s stock worth $4,345,000 after buying an additional 2,753 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Enersys by 14.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock worth $436,000 after buying an additional 241 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Enersys by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 5,734 shares of the industrial products company’s stock valued at $1,341,000 after acquiring an additional 513 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Enersys by 18.4% during the second quarter. Tidal Investments LLC now owns 81,387 shares of the industrial products company’s stock valued at $19,030,000 after acquiring an additional 12,640 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.

Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.