Bank of New York Mellon Corp Buys Shares of 296,758 Enersys $ENS

Bank of New York Mellon Corp bought a new position in Enersys (NYSE:ENS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 296,758 shares of the industrial products company's stock, valued at approximately $69,388,000. Bank of New York Mellon Corp owned approximately 0.81% of Enersys at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Enersys by 116.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 98 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Enersys by 442.2% during the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 199 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Enersys during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. lifted its position in Enersys by 239.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 151 shares during the period. Finally, Leonteq Securities AG bought a new position in Enersys during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Trading Up 3.7%

Enersys stock opened at $194.38 on Wednesday. The firm has a 50 day moving average of $201.87 and a 200 day moving average of $197.91. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 0.93 and a beta of 1.19. Enersys has a 12-month low of $98.46 and a 12-month high of $244.30. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.83. The company had revenue of $935.64 million for 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 firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, research analysts predict that Enersys will post 13.41 earnings per share for the current year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be paid a dividend of $0.2875 per share. This is a positive change from Enersys's previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. Enersys's dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BTIG Research reaffirmed a "buy" rating and issued a $280.00 target price on shares of Enersys in a research report on Thursday, August 13th. Roth Capital reissued a "buy" rating and set a $265.00 price target on shares of Enersys in a report on Friday, May 22nd. Oppenheimer restated an "outperform" rating on shares of Enersys in a research note on Friday, August 14th. Zacks Research raised Enersys from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. Finally, Weiss Ratings cut Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.

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