Sanctuary Advisors LLC bought a new stake in Enersys (NYSE:ENS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,641 shares of the industrial products company’s stock, valued at approximately $1,319,000.
A number of other hedge funds have also made changes to their positions in the company. Globeflex Capital L P purchased a new stake in shares of Enersys in the 2nd quarter worth about $12,664,000. Compass Financial Management LLC purchased a new position in Enersys during the 2nd quarter valued at about $1,340,000. Quantbot Technologies LP acquired a new position in Enersys during the second quarter worth about $39,000. De Lisle Partners LLP purchased a new stake in shares of Enersys in the second quarter valued at about $3,507,000. Finally, Emerald Investment Advisers LLC purchased a new stake in shares of Enersys in the second quarter valued at about $3,632,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.
Enersys Stock Performance
Shares of NYSE ENS opened at $190.99 on Friday. The company has a 50-day simple moving average of $200.43 and a 200-day simple moving average of $198.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The company has a market cap of $6.89 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19. Enersys has a 12 month low of $98.46 and a 12 month high of $244.30.
Enersys Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.2875 dividend. This is an increase from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 18th. Enersys’s dividend payout ratio (DPR) is presently 12.31%.
Analyst Upgrades and Downgrades
ENS has been the subject of a number of recent research reports. Zacks Research raised shares of Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. TD Cowen raised their price target on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Roth Capital reissued a “buy” rating and issued a $265.00 price target on shares of Enersys in a report on Friday, May 22nd. Finally, BTIG Research restated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $265.00.
View Our Latest Research Report on ENS
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.
Further Reading
- Five stocks we like better than Enersys
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding ENS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enersys (NYSE:ENS – Free Report).
Receive News & Ratings for Enersys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enersys and related companies with MarketBeat.com's FREE daily email newsletter.
