BlackRock Inc. Takes $1.22 Billion Position in Enersys $ENS

Key Points

• BlackRock acquired 5.22 million Enersys shares worth approximately $1.22 billion, giving it a 14.33% stake. Institutional investors collectively own 94.93% of the company.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $265. TD Cowen and BTIG Research set targets of $265 and $280, respectively.
• Enersys exceeded quarterly expectations, reporting $3.66 in EPS versus the $2.83 estimate and revenue of $935.64 million. The company also raised its quarterly dividend to $0.2875, a 10.6% increase from $0.26.

BlackRock Inc. acquired a new stake in Enersys (NYSE:ENS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,223,912 shares of the industrial products company's stock, valued at approximately $1,221,455,000. BlackRock Inc. owned about 14.33% of Enersys at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Enersys by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,627,245 shares of the industrial products company's stock worth $238,802,000 after purchasing an additional 30,760 shares in the last quarter. Invesco Ltd. boosted its holdings in Enersys by 5.9% during the third quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company's stock worth $130,902,000 after buying an additional 64,503 shares in the last quarter. Boston Partners grew its position in Enersys by 4.7% during the third quarter. Boston Partners now owns 680,174 shares of the industrial products company's stock worth $76,973,000 after buying an additional 30,767 shares during the period. AQR Capital Management LLC increased its holdings in Enersys by 30.3% in the third quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company's stock valued at $72,986,000 after buying an additional 151,589 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Enersys by 298.9% during the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company's stock valued at $82,516,000 after acquiring an additional 421,338 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

ENS has been the topic of several recent research reports. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Enersys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Weiss Ratings downgraded shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 26th. TD Cowen increased their price target on shares of Enersys from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Finally, BTIG Research reissued a "buy" rating and set a $280.00 price objective on shares of Enersys in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $265.00.

Enersys Stock Performance

Shares of NYSE ENS opened at $189.73 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The firm's 50-day moving average price is $203.39 and its two-hundred day moving average price is $197.78. Enersys has a 52-week low of $98.44 and a 52-week high of $244.30. The stock has a market capitalization of $6.84 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.94 and a beta of 1.19.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings data 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 business 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 company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, September 18th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. This is an increase from Enersys's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. Enersys's payout ratio is 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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