Greenleaf Trust Takes Position in EnerSys (NYSE:ENS)

Posted by Defense World Staff on Aug 29th, 2023

Greenleaf Trust purchased a new stake in EnerSys (NYSE:ENS – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,450 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of ENS. Norges Bank acquired a new stake in EnerSys in the 4th quarter worth approximately $26,527,000. Millennium Management LLC boosted its stake in EnerSys by 1,380.0% in the 2nd quarter. Millennium Management LLC now owns 348,195 shares of the industrial products company’s stock worth $20,530,000 after purchasing an additional 324,669 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in EnerSys by 22.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 838,066 shares of the industrial products company’s stock worth $72,811,000 after purchasing an additional 156,171 shares in the last quarter. CI Private Wealth LLC acquired a new stake in EnerSys in the 4th quarter worth approximately $10,725,000. Finally, Goldman Sachs Group Inc. boosted its stake in EnerSys by 67.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,823 shares of the industrial products company’s stock worth $23,625,000 after purchasing an additional 127,229 shares in the last quarter. 91.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BTIG Research lifted their target price on shares of EnerSys from $100.00 to $125.00 in a research note on Friday, June 16th. CL King initiated coverage on shares of EnerSys in a research report on Friday, July 14th. They set a “buy” rating and a $137.00 price target for the company. StockNews.com initiated coverage on shares of EnerSys in a research report on Thursday, August 17th. They set a “strong-buy” rating for the company. Finally, Oppenheimer reduced their price target on shares of EnerSys from $119.00 to $117.00 in a research report on Friday, August 11th.

Check Out Our Latest Stock Report on EnerSys

EnerSys Stock Performance

ENS opened at $102.52 on Tuesday. EnerSys has a 12-month low of $56.72 and a 12-month high of $113.34. The company has a current ratio of 2.76, a quick ratio of 1.48 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.21 billion, a PE ratio of 20.06, a P/E/G ratio of 0.94 and a beta of 1.34. The firm has a 50 day moving average of $105.01 and a two-hundred day moving average of $94.22.

EnerSys (NYSE:ENS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.09. The firm had revenue of $908.60 million during the quarter, compared to analyst estimates of $968.70 million. EnerSys had a net margin of 5.69% and a return on equity of 16.17%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. On average, analysts anticipate that EnerSys will post 7.78 EPS for the current year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.88%. This is a positive change from EnerSys’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, September 14th. EnerSys’s payout ratio is 13.70%.

Insider Activity

In other news, insider Andrew M. Zogby sold 10,537 shares of EnerSys stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $104.21, for a total transaction of $1,098,060.77. Following the completion of the transaction, the insider now directly owns 20,495 shares of the company’s stock, valued at approximately $2,135,783.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

EnerSys Company Profile

(Free Report)

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.