Man Group plc Buys Shares of 39,533 Enersys $ENS

Man Group plc bought a new position in Enersys (NYSE:ENS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 39,533 shares of the industrial products company’s stock, valued at approximately $9,244,000.

Several other hedge funds also recently modified their holdings of ENS. CIBC Private Wealth Group LLC lifted its stake 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 valued at $27,000 after purchasing an additional 98 shares during the last quarter. Allworth Financial LP boosted its holdings in Enersys by 442.2% in the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $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. increased its position 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 buying an additional 151 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Enersys during the second quarter valued at about $34,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ENS. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Roth Capital reaffirmed a “buy” rating and set a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $265.00.

Enersys Trading Down 3.0%

Shares of NYSE:ENS opened at $185.28 on Friday. 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 is $199.58 and its 200-day moving average is $198.19. The company has a market cap of $6.68 billion, a P/E ratio of 19.84, a P/E/G ratio of 0.95 and a beta of 1.19. Enersys has a 52-week low of $98.46 and a 52-week high of $244.30.

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

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 18th. Enersys’s dividend payout ratio is presently 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.