Meeder Asset Management Inc. lifted its holdings in Enersys (NYSE:ENS – Free Report) by 394.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,776 shares of the industrial products company’s stock after buying an additional 10,990 shares during the quarter. Meeder Asset Management Inc.’s holdings in Enersys were worth $1,556,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of ENS. Forum Financial Management LP bought a new position in Enersys in the third quarter worth about $235,000. State of Alaska Department of Revenue lifted its holdings in shares of Enersys by 37.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,083 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 1,644 shares during the last quarter. Cardinal Capital Management acquired a new position in Enersys during the 3rd quarter valued at approximately $1,311,000. Tributary Capital Management LLC boosted its position in Enersys by 90.9% during the 3rd quarter. Tributary Capital Management LLC now owns 261,222 shares of the industrial products company’s stock valued at $29,508,000 after purchasing an additional 124,356 shares during the period. Finally, SG Americas Securities LLC grew its stake in Enersys by 279.0% during the 3rd quarter. SG Americas Securities LLC now owns 14,351 shares of the industrial products company’s stock worth $1,621,000 after buying an additional 10,564 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.
Enersys Trading Up 0.9%
Shares of Enersys stock opened at $158.44 on Monday. The business has a fifty day simple moving average of $143.62 and a 200-day simple moving average of $117.36. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $160.51. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10. The company has a quick ratio of 1.73, a current ratio of 2.77 and a debt-to-equity ratio of 0.63.
Enersys Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $0.2625 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.05 annualized dividend and a dividend yield of 0.7%. Enersys’s dividend payout ratio is currently 12.28%.
Insider Activity at Enersys
In other news, insider Chad C. Uplinger sold 6,702 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $151.46, for a total transaction of $1,015,084.92. Following the completion of the sale, the insider directly owned 23,713 shares of the company’s stock, valued at $3,591,570.98. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.
Wall Street Analyst Weigh In
ENS has been the topic of a number of recent research reports. Zacks Research cut Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a research report on Thursday, October 30th. BTIG Research upgraded shares of Enersys from a “neutral” rating to a “buy” rating in a research report on Monday, December 15th. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Enersys presently has a consensus rating of “Moderate Buy” and an average target price of $126.00.
Read Our Latest Stock Report on ENS
Enersys Company 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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