VIRGINIA RETIREMENT SYSTEMS ET Al Invests $4.97 Million in Enersys $ENS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Enersys (NYSE:ENS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,272 shares of the industrial products company’s stock, valued at approximately $4,974,000.

Several other hedge funds also recently bought and sold shares of the company. United Services Automobile Association purchased a new position in shares of Enersys in the first quarter valued at about $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Enersys by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock worth $10,419,000 after purchasing an additional 9,737 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Enersys during the second quarter worth about $4,623,000. EverSource Wealth Advisors LLC raised its stake in Enersys by 626.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 476 shares during the period. Finally, Cerity Partners LLC bought a new stake in Enersys during the 2nd quarter valued at approximately $460,000. Institutional investors own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

ENS has been the subject of several recent analyst reports. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. TD Cowen lifted their price objective on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Roth Capital restated a “buy” rating and set a $265.00 target price on shares of Enersys in a research report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $265.00.

Enersys Trading Down 0.6%

Shares of ENS stock opened at $180.78 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. Enersys has a 12-month low of $103.03 and a 12-month high of $244.30. The stock’s 50-day moving average price is $193.38 and its 200-day moving average price is $198.52.

Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. The company had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts predict that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.2875 per share. The ex-dividend date is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Enersys’s previous quarterly dividend of $0.26. Enersys’s dividend payout ratio is currently 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.