Enersys (NYSE:ENS) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Enersys (NYSE:ENS) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks reports.

ENS has been the subject of a number of other reports. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. BTIG Research reiterated a “buy” rating and set a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research note on Tuesday, September 22nd. Finally, Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $265.00.

Enersys Stock Down 2.4%

Shares of NYSE ENS opened at $173.09 on Tuesday. Enersys has a 12-month low of $116.87 and a 12-month high of $244.30. The stock has a market cap of $6.24 billion, a PE ratio of 18.53, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $184.39 and a 200 day moving average of $200.95.

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

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a dividend of $0.2875 per share. The ex-dividend date was Friday, September 18th. This is an increase from Enersys’s previous quarterly dividend of $0.2625. This represents a $1.15 annualized dividend and a yield of 0.7%. Enersys’s dividend payout ratio (DPR) is 12.31%.

Hedge Funds Weigh In On Enersys

A number of institutional investors have recently bought and sold shares of the company. ABLE Financial Group LLC increased its holdings in Enersys by 6.6% in the 3rd quarter. ABLE Financial Group LLC now owns 17,988 shares of the industrial products company’s stock valued at $3,301,000 after purchasing an additional 1,115 shares during the last quarter. GAMMA Investing LLC raised its position in Enersys by 13.0% in the third quarter. GAMMA Investing LLC now owns 2,450 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 281 shares during the period. Cim Investment Management Inc. lifted its stake 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 in the last quarter. QRG Capital Management Inc. lifted its stake in Enersys by 17.4% during the second quarter. QRG Capital Management Inc. now owns 18,583 shares of the industrial products company’s stock worth $4,345,000 after purchasing an additional 2,753 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Enersys by 14.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 241 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Company Profile

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.