California State Teachers Retirement System Has $9.97 Million Stock Holdings in Enersys $ENS

California State Teachers Retirement System lessened its holdings in shares of Enersys (NYSE:ENS - Free Report) by 2.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 42,628 shares of the industrial products company's stock after selling 1,109 shares during the period. California State Teachers Retirement System owned 0.12% of Enersys worth $9,967,279 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Enersys by 10.1% in the first quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company's stock worth $95,728,000 after purchasing an additional 50,660 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Enersys in the 1st quarter worth about $10,319,000. Bank of America Corp DE raised its holdings in Enersys by 6.8% during the first quarter. Bank of America Corp DE now owns 459,504 shares of the industrial products company's stock valued at $79,825,000 after acquiring an additional 29,364 shares during the period. Caisse de depot et placement du Quebec bought a new position in Enersys during the second quarter valued at $7,305,000. Finally, Maverick Capital Ltd. bought a new stake in Enersys during the first quarter valued at about $1,485,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Price Performance

Shares of ENS stock traded up $0.55 during trading hours on Tuesday, hitting $169.90. The stock had a trading volume of 235,758 shares, compared to its average volume of 476,857. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The stock's 50-day moving average price is $190.58 and its two-hundred day moving average price is $198.64. Enersys has a one year low of $106.18 and a one year high of $244.30. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 0.89 and a beta of 1.21.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.83. The company had revenue of $935.64 million for the quarter, compared to the consensus estimate of $928.01 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities analysts forecast that Enersys will post 13.41 EPS for the current 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 dividend of $0.2875 per share. This is a boost from Enersys's previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 18th. Enersys's dividend payout ratio (DPR) is 12.31%.

Analyst Upgrades and Downgrades

ENS has been the subject of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research report on Friday, August 14th. Zacks Research raised Enersys from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. Weiss Ratings cut shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 26th. Roth Capital restated a "buy" rating and issued a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $265.00.

About Enersys

EnerSys NYSE: ENS is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.

Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.

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