Advisors Preferred LLC Acquires Shares of 7,199 Enersys $ENS

Key Points

• Advisors Preferred LLC acquired 7,199 Enersys shares worth approximately $1.49 million during the second quarter. Institutional investors collectively own 94.93% of the company.
• Enersys exceeded quarterly earnings expectations, reporting $3.66 EPS versus the $2.83 consensus estimate, while revenue rose 4.8% year over year to $935.64 million.
• The company raised its quarterly dividend to $0.2875 per share, or $1.15 annualized. Analysts maintain a broadly positive view, with a consensus “Buy” rating and a $265 price target.

Advisors Preferred LLC bought a new stake in shares of Enersys (NYSE:ENS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,199 shares of the industrial products company's stock, valued at approximately $1,488,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in Enersys by 454.5% during the 4th quarter. QRG Capital Management Inc. now owns 10,308 shares of the industrial products company's stock valued at $1,513,000 after buying an additional 8,449 shares during the period. Principal Financial Group Inc. boosted its stake in Enersys by 10.1% during the first quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company's stock worth $95,728,000 after buying an additional 50,660 shares during the period. M&T Bank Corp bought a new position in Enersys during the fourth quarter valued at $11,963,000. Bank of America Corp DE increased its position in Enersys by 6.8% during the first quarter. Bank of America Corp DE now owns 459,504 shares of the industrial products company's stock valued at $79,825,000 after acquiring an additional 29,364 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Enersys in the first quarter valued at $10,319,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Stock Performance

Shares of NYSE:ENS opened at $189.57 on Friday. The firm's 50 day simple moving average is $204.09 and its 200-day simple moving average is $197.84. 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 $97.03 and a one year high of $244.30. The firm has a market cap of $6.84 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The firm had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. During the same quarter in the previous year, the business earned $2.08 earnings per share. 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, equities analysts predict that Enersys will post 13.41 EPS for the current 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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 18th. This is a positive change from Enersys's previous quarterly dividend of $0.26. Enersys's dividend payout ratio (DPR) is currently 11.24%.

Trending Headlines about Enersys

Here are the key news stories impacting Enersys this week:

• Positive Sentiment: Zacks upgraded Enersys from “Hold” to “Strong Buy,” adding to the bullish analyst momentum surrounding the battery and energy-storage company. Zacks upgrade report
• Positive Sentiment: Enersys was highlighted as a high-growth, GARP investment with a discounted PEG ratio, indicating that its valuation appears attractive relative to expected earnings growth. High-growth GARP stocks article
• Positive Sentiment: ENS appeared on Zacks’ Strong Buy lists for growth, value and new Strong Buy additions, reinforcing the view that analysts see favorable earnings potential and valuation. Zacks growth stocks list
• Positive Sentiment: Enersys was identified as a value stock with an attractive enterprise-value-to-EBITDA ratio and strong earnings outlook. Value stocks article
• Positive Sentiment: ENS was included among dividend stocks that recently raised their payouts, supporting the income-investment case even amid geopolitical uncertainty. Dividend hikes article
• Neutral Sentiment: Brokerages currently assign Enersys a consensus “Moderate Buy” rating, positive but less decisive than the new Zacks “Strong Buy” designation. Brokerage consensus report

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENS shares. TD Cowen raised their target price on shares of Enersys from $220.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research report on Friday, August 14th. BTIG Research reissued a "buy" rating and issued a $280.00 price objective on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings lowered Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 26th. Finally, Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, Enersys 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source