Meeder Asset Management Inc. Takes Position in Enersys $ENS

Key Points

• Meeder Asset Management acquired 24,166 Enersys shares worth approximately $5.65 million, while institutional investors and hedge funds collectively own 94.93% of the company.
• Enersys reported quarterly EPS of $3.66, surpassing estimates of $2.83, with revenue rising 4.8% year over year to $935.64 million.
• The company increased its quarterly dividend to $0.2875 per share, and analysts maintain a “Moderate Buy” consensus rating with a $265 price target.

Meeder Asset Management Inc. 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 (SEC). The firm acquired 24,166 shares of the industrial products company's stock, valued at approximately $5,650,000. Meeder Asset Management Inc. owned about 0.07% of Enersys at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Enersys in the second quarter valued at approximately $1,221,455,000. Dimensional Fund Advisors LP raised its holdings in Enersys by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,627,245 shares of the industrial products company's stock worth $238,802,000 after purchasing an additional 30,760 shares during the last quarter. Invesco Ltd. lifted its position in shares of Enersys by 5.9% in the 3rd quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company's stock worth $130,902,000 after purchasing an additional 64,503 shares during the period. Boston Partners boosted its stake in shares of Enersys by 4.7% in the 3rd quarter. Boston Partners now owns 680,174 shares of the industrial products company's stock valued at $76,973,000 after purchasing an additional 30,767 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Enersys by 30.3% in the 3rd quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company's stock valued at $72,986,000 after purchasing an additional 151,589 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Price Performance

Shares of NYSE ENS opened at $202.30 on Tuesday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.10 and a beta of 1.19. The firm's 50-day moving average price is $205.79 and its 200-day moving average price is $197.56. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. Enersys has a 1-year low of $97.03 and a 1-year high of $244.30.

Enersys (NYSE:ENS - Get Free Report) last issued 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. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The company had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. During the same period last year, the business posted $2.08 EPS. 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 anticipate that Enersys will post 12.29 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently disclosed 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. This represents a $1.15 dividend on an annualized basis and a yield of 0.6%. This is a boost from Enersys's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. Enersys's payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Oppenheimer reaffirmed an "outperform" rating on shares of Enersys in a research report on Friday. Roth Capital reiterated a "buy" rating and set a $265.00 price target on shares of Enersys in a report on Friday, May 22nd. TD Cowen lifted their price objective on Enersys from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $265.00.

Enersys 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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