9,043 Enersys $ENS Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing more than doubled its EnerSys stake in the third quarter, acquiring 9,043 additional shares and bringing its holdings to 17,758 shares valued at approximately $3.26 million.
• Institutional investors own 94.93% of EnerSys, while analysts maintain a generally positive outlook: five rate the stock a Buy and one a Hold, producing a consensus “Moderate Buy” rating with a $265 average price target.
• EnerSys exceeded quarterly earnings expectations, reporting $3.66 in EPS versus $2.83 forecast and revenue of $935.64 million. The company also raised its quarterly dividend to $0.2875, equivalent to a $1.15 annualized payout and a 0.7% yield.

Inspire Investing LLC increased its holdings in Enersys (NYSE:ENS - Free Report) by 103.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,758 shares of the industrial products company's stock after acquiring an additional 9,043 shares during the quarter. Inspire Investing LLC's holdings in Enersys were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ENS. State of Michigan Retirement System boosted its stake in Enersys by 1.1% during 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 in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Enersys by 107.5% during the third quarter. V Square Quantitative Management LLC now owns 193 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Net Worth Advisory Group increased its stake in shares of Enersys by 3.2% during the third quarter. Net Worth Advisory Group now owns 3,470 shares of the industrial products company's stock valued at $658,000 after purchasing an additional 108 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Enersys by 9.1% during the second quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 110 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Enersys by 32.5% during the first quarter. Parallel Advisors LLC now owns 501 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 123 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ENS shares. Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Zacks Research downgraded Enersys from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 13th. BTIG Research reaffirmed a "buy" rating and set a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Enersys in a research note on Tuesday, September 22nd. Finally, Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $265.00.

Enersys Stock Performance

Shares of ENS stock opened at $166.14 on Friday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. Enersys has a one year low of $120.05 and a one year high of $244.30. The company's 50-day moving average is $181.43 and its 200 day moving average is $200.59.

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

Enersys Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a $0.2875 dividend. This is a boost from Enersys's previous quarterly dividend of $0.2625. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.15 annualized dividend and a yield of 0.7%. Enersys's payout ratio is currently 12.31%.

About Enersys

EnerSys NYSE: ENS is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.

Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.