Enersys $ENS Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in shares of Enersys (NYSE:ENS - Free Report) by 22,689.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,967,279 shares of the industrial products company's stock after acquiring an additional 9,923,542 shares during the period. California State Teachers Retirement System owned 27.64% of Enersys worth $2,330,549,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Enersys in the second quarter valued at about $1,221,455,000. Norges Bank purchased a new position in shares of Enersys in the 4th quarter valued at about $78,599,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Enersys in the second quarter valued at about $102,249,000. LSV Asset Management increased its stake in Enersys by 298.9% in the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company's stock valued at $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Enersys by 257.8% in the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company's stock worth $62,893,000 after buying an additional 401,167 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ENS shares. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a report on Friday, August 14th. Zacks Research upgraded shares of Enersys from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. Weiss Ratings downgraded Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 26th. TD Cowen upped their price target on Enersys from $220.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. 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 equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $265.00.

Enersys Stock Performance

Shares of ENS opened at $179.25 on Friday. The stock has a market capitalization of $6.46 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The business's fifty day moving average price is $191.45 and its 200 day moving average price is $198.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. Enersys has a 12-month low of $106.18 and a 12-month high of $244.30.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $928.01 million. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts forecast that Enersys will post 13.41 EPS for the current year.

Enersys Increases Dividend

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

Enersys Profile

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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