Ieq Capital LLC Invests $6.96 Million in Enersys $ENS

Key Points

• Ieq Capital acquired 29,788 Enersys shares worth approximately $6.96 million, representing about 0.08% of the company. Institutional investors collectively own 94.93% of Enersys.
• Enersys exceeded quarterly expectations, reporting $3.66 in EPS versus the $2.83 consensus estimate and $935.64 million in revenue, up 4.8% year over year.
• The company raised its quarterly dividend from $0.26 to $0.2875 per share. Analysts maintain a consensus “Buy” rating with an average price target of $265, above the reported $189.73 share price.

Ieq Capital LLC acquired a new position in Enersys (NYSE:ENS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,788 shares of the industrial products company's stock, valued at approximately $6,965,000. Ieq Capital LLC owned approximately 0.08% of Enersys as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Enersys in the 2nd quarter worth about $1,221,455,000. Norges Bank bought a new stake in shares of Enersys during the 4th quarter valued at about $78,599,000. LSV Asset Management grew its holdings in shares of Enersys by 298.9% during the fourth quarter. LSV Asset Management now owns 562,293 shares of the industrial products company's stock worth $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Millennium Management LLC increased its position in shares of Enersys by 257.8% in the third quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company's stock worth $62,893,000 after purchasing an additional 401,167 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Enersys by 342.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company's stock valued at $57,641,000 after purchasing an additional 304,018 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Enersys Trading Down 0.0%

Shares of ENS opened at $189.73 on Monday. Enersys has a fifty-two week low of $98.44 and a fifty-two week high of $244.30. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.94 and a beta of 1.19. The firm has a 50 day moving average price of $203.39 and a 200-day moving average price of $197.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating the consensus estimate of $2.83 by $0.83. The company had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, equities research analysts forecast that Enersys will post 13.41 earnings per share for the current year.

Enersys Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a dividend of $0.2875 per share. The ex-dividend date is Friday, September 18th. This represents a $1.15 annualized dividend and a yield of 0.6%. This is a boost from Enersys's previous quarterly dividend of $0.26. Enersys's dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analysts Forecast Growth

ENS has been the subject of several research analyst reports. TD Cowen lifted their target price 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. Weiss Ratings lowered shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 26th. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. BTIG Research reaffirmed a "buy" rating and set a $280.00 price objective on shares of Enersys in a report on Thursday, August 13th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research report 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. Based on data from MarketBeat.com, Enersys presently has a consensus rating of "Buy" and an average 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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