VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 4,200 Shares of Enersys $ENS

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Enersys (NYSE:ENS) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,472 shares of the industrial products company’s stock after acquiring an additional 4,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of Enersys worth $4,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENS. BlackRock Inc. acquired a new stake in Enersys in the 2nd quarter valued at approximately $1,221,455,000. Paradigm Capital Management Inc. NY acquired a new position in Enersys during the 2nd quarter worth approximately $102,249,000. Bank of America Corp DE acquired a new position in Enersys during the 2nd quarter worth approximately $84,699,000. Bank of New York Mellon Corp bought a new position in shares of Enersys during the 2nd quarter worth approximately $69,388,000. Finally, Hill City Capital LP bought a new position in shares of Enersys during the 2nd quarter worth approximately $44,426,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on ENS shares. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. BTIG Research restated a “buy” rating and set a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research report on Tuesday, September 22nd. 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 an average rating of “Moderate Buy” and a consensus target price of $265.00.

Enersys Stock Performance

ENS opened at $159.62 on Monday. Enersys has a 12-month low of $122.02 and a 12-month high of $244.30. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.80 and a beta of 1.21. The business has a 50 day moving average of $178.96 and a 200-day moving average of $191.36. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%. The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same period in the previous year, the firm earned $2.08 EPS. The firm’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. On average, equities research analysts expect that Enersys will post 13.41 earnings per share for the current year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a $0.2875 dividend. This is an increase from Enersys’s previous quarterly dividend of $0.2625. This represents a $1.15 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 18th. Enersys’s dividend payout ratio is presently 12.31%.

Enersys Profile

EnerSys (NYSE: ENS) is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.

Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.