Meeder Asset Management Inc. Makes New Investment in Enersys $ENS

Meeder Asset Management Inc. acquired a new position in shares of Enersys (NYSE:ENS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,166 shares of the industrial products company’s stock, valued at approximately $5,650,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Enersys during the second quarter worth about $1,221,455,000. Dimensional Fund Advisors LP raised its holdings in shares of Enersys by 1.9% in 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 acquiring an additional 30,760 shares during the last quarter. Invesco Ltd. lifted its position in Enersys by 5.9% in the 3rd quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company’s stock valued at $130,902,000 after acquiring an additional 64,503 shares in the last quarter. Boston Partners lifted its position in 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 acquiring an additional 30,767 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Enersys by 30.3% during 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.

Analyst Ratings Changes

ENS has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday. Weiss Ratings cut Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. BTIG Research reiterated a “buy” rating and set a $280.00 price target on shares of Enersys in a report on Thursday, August 13th. 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, Roth Capital restated a “buy” rating and set a $265.00 price objective on shares of Enersys in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Enersys presently has an average rating of “Moderate Buy” and a consensus target price of $265.00.

Enersys Stock Performance

ENS stock opened at $202.30 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The firm has a market cap of $7.38 billion, a PE ratio of 21.66, a P/E/G ratio of 1.10 and a beta of 1.19. The business has a 50 day moving average of $205.79 and a 200-day moving average of $197.56. Enersys has a 12-month low of $97.03 and a 12-month high of $244.30.

Enersys (NYSE:ENS) last issued its quarterly 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 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 last year, the company posted $2.08 earnings per share. Enersys’s quarterly 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. As a group, sell-side analysts expect that Enersys will post 12.29 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a dividend of $0.2875 per share. 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 a positive change from Enersys’s previous quarterly dividend of $0.26. Enersys’s dividend payout ratio (DPR) is presently 11.24%.

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.