Enersys $ENS Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Enersys stake by 6.8% in the first quarter, purchasing 29,364 additional shares and bringing its holdings to 459,504 shares, worth approximately $79.8 million. Institutional investors collectively own 94.93% of ENS.
• Enersys exceeded quarterly expectations, reporting $3.19 in earnings per share versus the $3.00 consensus estimate and $987.94 million in revenue, up 1.4% year over year.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating, an average “Moderate Buy” consensus, and a $265 price target versus the stock’s recent $191.85 opening price.

Bank of America Corp DE lifted its stake in Enersys (NYSE:ENS - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,504 shares of the industrial products company's stock after purchasing an additional 29,364 shares during the period. Bank of America Corp DE owned approximately 1.25% of Enersys worth $79,825,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. United Services Automobile Association purchased a new stake in shares of Enersys during the 1st quarter worth approximately $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Enersys by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company's stock worth $10,419,000 after purchasing an additional 9,737 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Enersys during the second quarter worth $4,623,000. EverSource Wealth Advisors LLC grew its holdings in Enersys by 626.3% in the second quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 476 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Enersys in the second quarter valued at $460,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Stock Up 0.1%

ENS opened at $191.85 on Monday. The company has a market cap of $6.99 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.76 and a current ratio of 2.66. Enersys has a 1 year low of $94.52 and a 1 year high of $244.30. The firm has a 50 day moving average price of $210.49 and a 200 day moving average price of $196.74.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, May 20th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.19. The business had revenue of $987.94 million for the quarter, compared to analyst estimates of $973.84 million. Enersys had a net margin of 7.83% and a return on equity of 21.39%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.97 EPS. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. Sell-side analysts expect that Enersys will post 12.1 earnings per share for the current year.

Enersys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 19th were issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 18th. Enersys's dividend payout ratio (DPR) is currently 13.62%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENS. Roth Capital restated a "buy" rating and set a $265.00 target price on shares of Enersys in a report on Friday, May 22nd. BTIG Research raised their price target on Enersys from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. Weiss Ratings lowered Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 26th. Wall Street Zen cut shares of Enersys from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, 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 research report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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