Tidal Investments LLC Raises Stock Position in Enersys $ENS

Key Points

• Tidal Investments increased its Enersys position by 18.4% in the second quarter, owning 81,387 shares valued at approximately $19.03 million. Institutional investors collectively hold 94.93% of the company’s stock.
• Analysts maintain a positive outlook on Enersys, with a consensus “Buy” rating and a $265 price target. Recent quarterly results exceeded expectations, with EPS of $3.66 versus the $2.83 consensus estimate and revenue up 4.8% year over year.
• Enersys raised its quarterly dividend to $0.2875 per share from $0.26, implying an annualized dividend of $1.15 and a 0.6% yield.

Tidal Investments LLC raised its position in Enersys (NYSE:ENS - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,387 shares of the industrial products company's stock after acquiring an additional 12,640 shares during the quarter. Tidal Investments LLC owned approximately 0.23% of Enersys worth $19,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Enersys by 2.0% in the fourth quarter. Stifel Financial Corp now owns 4,252 shares of the industrial products company's stock valued at $624,000 after purchasing an additional 84 shares during the period. Kestra Advisory Services LLC lifted its holdings in Enersys by 4.9% during the 4th quarter. Kestra Advisory Services LLC now owns 2,009 shares of the industrial products company's stock worth $295,000 after buying an additional 94 shares in the last quarter. Merit Financial Group LLC boosted its position in Enersys by 3.8% in the 3rd quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company's stock valued at $301,000 after buying an additional 97 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company's stock worth $27,000 after acquiring an additional 98 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Enersys by 1.1% in the first quarter. State of Michigan Retirement System now owns 8,872 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 100 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENS has been the topic of several analyst reports. Weiss Ratings cut Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 26th. Roth Capital reissued a "buy" rating and set a $265.00 target price on shares of Enersys in a research note on Friday, May 22nd. Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 14th. TD Cowen increased their price target on Enersys from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded 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 assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $265.00.

Enersys Price Performance

Shares of ENS opened at $179.14 on Friday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.89 and a beta of 1.21. The firm's fifty day simple moving average is $192.00 and its 200-day simple moving average is $198.58. Enersys has a twelve month low of $104.71 and a twelve month high of $244.30. 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 (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, topping analysts' consensus estimates 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 the consensus estimate of $928.01 million. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The company's revenue 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 analysts forecast that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

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

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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