The Manufacturers Life Insurance Company Purchases New Shares in Enersys $ENS

The Manufacturers Life Insurance Company acquired a new stake in Enersys (NYSE:ENS) during the second quarter, HoldingsChannel reports. The fund acquired 34,789 shares of the industrial products company’s stock, valued at approximately $8,134,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Enersys in the second quarter valued at about $1,221,455,000. Norges Bank bought a new position in Enersys during the fourth quarter worth about $78,599,000. Paradigm Capital Management Inc. NY acquired a new stake in Enersys in the 2nd quarter worth about $102,249,000. LSV Asset Management raised its stake in Enersys by 298.9% in the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock worth $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Finally, Millennium Management LLC boosted 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 purchasing an additional 401,167 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Price Performance

ENS stock opened at $185.28 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. Enersys has a 12 month low of $98.46 and a 12 month high of $244.30. The firm has a market cap of $6.68 billion, a P/E ratio of 19.84, a P/E/G ratio of 0.92 and a beta of 1.19. The company’s 50-day moving average price is $199.58 and its two-hundred day moving average price is $198.35.

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

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.2875 per share. The ex-dividend date is Friday, September 18th. This is a boost from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a yield of 0.6%. Enersys’s dividend payout ratio is currently 12.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $280.00 price target on shares of Enersys in a research report on Thursday, August 13th. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Roth Capital restated a “buy” rating and set a $265.00 price objective on shares of Enersys in a research note on Friday, May 22nd. TD Cowen lifted their price objective on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $265.00.

About Enersys

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.