Algert Global LLC Sells 54,177 Shares of Enersys $ENS

Key Points

• Algert Global reduced its Enersys stake by 24%, selling 54,177 shares and retaining 171,129 shares valued at approximately $40 million. Institutional investors collectively own 94.93% of the company.
• Analysts maintain a positive outlook, with Enersys carrying an average “Buy” rating and a consensus price target of $265, compared with a recent share price of $187.36.
• Enersys reported quarterly EPS of $3.66, beating estimates by $0.83, while revenue rose 4.8% year over year to $935.64 million. The company also increased its quarterly dividend to $0.2875 per share.

Algert Global LLC lowered its position in shares of Enersys (NYSE:ENS - Free Report) by 24.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,129 shares of the industrial products company's stock after selling 54,177 shares during the period. Enersys makes up approximately 0.5% of Algert Global LLC's portfolio, making the stock its 7th largest position. Algert Global LLC owned about 0.47% of Enersys worth $40,013,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of 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. QRG Capital Management Inc. grew its stake in shares of Enersys by 454.5% in the fourth 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of Enersys by 6.8% in the 1st quarter. Bank of America Corp DE now owns 459,504 shares of the industrial products company's stock valued at $79,825,000 after buying an additional 29,364 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Enersys in the 1st quarter valued at $10,319,000. Finally, Sei Investments Co. lifted its stake in Enersys by 17.7% during the 1st quarter. Sei Investments Co. now owns 85,488 shares of the industrial products company's stock worth $14,850,000 after acquiring an additional 12,854 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ENS. BTIG Research restated a "buy" rating and set a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. Weiss Ratings cut shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 26th. Zacks Research raised shares of Enersys from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 14th. Finally, Roth Capital reaffirmed a "buy" rating and set a $265.00 target price on shares of Enersys in a research note on Friday, May 22nd. One research 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.com, the company has an average rating of "Buy" and an average target price of $265.00.

Enersys Stock Down 1.3%

ENS stock opened at $187.36 on Tuesday. The company's 50 day moving average price is $202.51 and its 200 day moving average price is $197.85. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 0.94 and a beta of 1.19. Enersys has a fifty-two week low of $98.46 and a fifty-two week high of $244.30. 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 (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The company had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The firm'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. On average, equities research analysts anticipate that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

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

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.

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