Royal Bank of Canada Has $28.62 Million Holdings in Enersys $ENS

Royal Bank of Canada lessened its holdings in shares of Enersys (NYSE:ENS) by 22.8% during the first quarter, HoldingsChannel.com reports. The firm owned 164,750 shares of the industrial products company’s stock after selling 48,693 shares during the quarter. Royal Bank of Canada’s holdings in Enersys were worth $28,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Enersys during the fourth quarter worth approximately $78,599,000. LSV Asset Management raised its holdings in Enersys by 298.9% in the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after acquiring an additional 421,338 shares in the last quarter. Millennium Management LLC raised its holdings in Enersys by 257.8% in the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock valued at $62,893,000 after acquiring an additional 401,167 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Enersys by 342.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company’s stock valued at $57,641,000 after acquiring an additional 304,018 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Enersys by 508.6% during the 4th quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company’s stock valued at $47,684,000 after acquiring an additional 271,548 shares during the period. 94.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ENS shares. TD Cowen boosted their target price on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. 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. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Wall Street Zen cut Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, BTIG Research lifted their target price on shares of Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.00.

Enersys Price Performance

Shares of NYSE:ENS opened at $193.92 on Wednesday. Enersys has a twelve month low of $90.39 and a twelve month high of $244.30. The stock’s 50 day moving average is $212.94 and its 200-day moving average is $196.27. The company has a quick ratio of 1.76, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.04 and a beta of 1.19.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.19. The business had revenue of $987.94 million during the quarter, compared to the consensus estimate of $973.84 million. Enersys had a net margin of 7.83% and a return on equity of 21.39%. Enersys’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 EPS. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. Sell-side analysts forecast that Enersys will post 12.1 EPS for the current fiscal year.

Enersys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 19th were given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a 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 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.