Caisse de depot et placement du Quebec Purchases Shares of 31,243 Enersys $ENS

Caisse de depot et placement du Quebec purchased a new stake in Enersys (NYSE:ENS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 31,243 shares of the industrial products company’s stock, valued at approximately $7,305,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Enersys by 2.0% in the 4th quarter. Stifel Financial Corp now owns 4,252 shares of the industrial products company’s stock worth $624,000 after buying an additional 84 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Enersys by 4.9% in the fourth quarter. Kestra Advisory Services LLC now owns 2,009 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 94 shares during the period. Merit Financial Group LLC boosted its position in shares of Enersys by 3.8% in the third quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 97 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 98 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Enersys by 1.1% in the first quarter. State of Michigan Retirement System now owns 8,872 shares of the industrial products company’s stock worth $1,541,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Enersys Stock Performance

ENS opened at $185.28 on Friday. The stock’s 50 day simple moving average is $199.58 and its 200-day simple moving average is $198.19. 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 stock has a market cap of $6.68 billion, a PE ratio of 19.84, a P/E/G ratio of 0.92 and a beta of 1.19. Enersys has a 1 year low of $98.46 and a 1 year high of $244.30.

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

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 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%. The ex-dividend date of this dividend is Friday, September 18th. This is a positive change from Enersys’s previous quarterly dividend of $0.26. Enersys’s payout ratio is 11.24%.

Analyst Ratings Changes

ENS has been the subject of several research analyst reports. Roth Capital reiterated a “buy” rating and set a $265.00 target price on shares of Enersys in a research note on Friday, May 22nd. TD Cowen raised their price target on shares of Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Zacks Research raised shares of Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $265.00.

Enersys 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.