Boothbay Fund Management LLC raised its position in shares of Enersys (NYSE:ENS – Free Report) by 59.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,179 shares of the industrial products company’s stock after purchasing an additional 9,797 shares during the period. Boothbay Fund Management LLC owned 0.07% of Enersys worth $2,957,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Enersys during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in Enersys by 626.3% during the second quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after buying an additional 476 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Enersys in the third quarter worth about $47,000. Hantz Financial Services Inc. lifted its position in shares of Enersys by 105.4% in the third quarter. Hantz Financial Services Inc. now owns 491 shares of the industrial products company’s stock worth $55,000 after buying an additional 252 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Enersys during the 3rd quarter worth about $64,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.
Enersys Price Performance
Shares of NYSE:ENS opened at $161.83 on Tuesday. The business has a 50 day moving average price of $170.07 and a 200 day moving average price of $142.69. Enersys has a twelve month low of $76.57 and a twelve month high of $194.77. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.04 and a beta of 1.11. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61.
Enersys Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.2625 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.05 dividend on an annualized basis and a yield of 0.6%. Enersys’s payout ratio is 13.01%.
Analysts Set New Price Targets
A number of brokerages have recently commented on ENS. Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Roth Mkm reaffirmed a “buy” rating and set a $208.00 target price (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. BTIG Research increased their price target on Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Enersys has an average rating of “Moderate Buy” and a consensus target price of $177.00.
Read Our Latest Stock Analysis on Enersys
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.
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