Caisse de depot et placement du Quebec Purchases New Stake in Enersys $ENS

Key Points

• Caisse de dépôt et placement du Québec acquired 31,243 Enersys shares worth approximately $7.3 million, joining several other institutions that initiated positions in the second quarter. Institutional investors now own 94.93% of the company.
• Enersys reported quarterly EPS of $3.66, exceeding estimates of $2.83, while revenue rose 4.8% year over year to $935.64 million. Analysts maintain a consensus “Buy” rating with a $265 price target.
• The company increased its quarterly dividend to $0.2875 per share, equivalent to $1.15 annually and a 0.6% yield.

Caisse de depot et placement du Quebec acquired a new position in shares of Enersys (NYSE:ENS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,243 shares of the industrial products company's stock, valued at approximately $7,305,000. Caisse de depot et placement du Quebec owned 0.09% of Enersys at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Man Group plc acquired a new position in shares of Enersys in the 2nd quarter valued at about $9,244,000. Jupiter Topco LLC acquired a new stake in shares of Enersys during the second quarter worth approximately $22,234,000. Hsbc Holdings PLC acquired a new stake in shares of Enersys during the second quarter worth approximately $16,856,000. EFG International AG purchased a new position in Enersys during the second quarter valued at approximately $5,180,000. Finally, Legal & General Group Plc acquired a new position in Enersys in the 2nd quarter valued at approximately $12,327,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Stock Performance

Shares of ENS opened at $185.28 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company's fifty day moving average is $199.58 and its 200-day moving average is $198.19. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. Enersys has a 12 month low of $98.46 and a 12 month high of $244.30.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $935.64 million during the quarter, compared to analysts' expectations of $928.01 million. During the same period in the prior year, the company posted $2.08 earnings per share. Enersys's revenue for the quarter was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities analysts expect that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend 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 11.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of Enersys from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. BTIG Research reissued a "buy" rating and set a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Weiss Ratings downgraded Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 26th. Roth Capital reaffirmed a "buy" rating and issued a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $265.00.

Enersys Company 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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