Federated Hermes Inc. Acquires 2,636 Shares of EnerSys (NYSE:ENS)

Federated Hermes Inc. lifted its holdings in EnerSys (NYSE:ENS – Get Rating) by 18.9% during the third quarter, HoldingsChannel.com reports. The firm owned 16,578 shares of the industrial products company’s stock after purchasing an additional 2,636 shares during the period. Federated Hermes Inc.’s holdings in EnerSys were worth $965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in EnerSys by 2.3% during the second quarter. Synovus Financial Corp now owns 6,484 shares of the industrial products company’s stock worth $374,000 after acquiring an additional 148 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of EnerSys by 4.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,846 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 157 shares during the period. Captrust Financial Advisors raised its position in shares of EnerSys by 6.1% in the second quarter. Captrust Financial Advisors now owns 2,928 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 168 shares during the period. First National Bank of Omaha raised its position in shares of EnerSys by 0.6% in the third quarter. First National Bank of Omaha now owns 30,032 shares of the industrial products company’s stock valued at $1,747,000 after purchasing an additional 172 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of EnerSys by 65.9% in the second quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 193 shares during the period. 95.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ENS has been the topic of several research analyst reports. TheStreet raised shares of EnerSys from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. BTIG Research upped their price target on shares of EnerSys to $85.00 in a research note on Wednesday, November 16th. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 16th.

EnerSys Trading Down 2.4 %

ENS stock opened at $81.55 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The company’s 50-day simple moving average is $84.47 and its 200 day simple moving average is $73.61. EnerSys has a 52 week low of $55.60 and a 52 week high of $94.32. The company has a market capitalization of $3.33 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.37.

EnerSys (NYSE:ENS – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $920.20 million for the quarter, compared to the consensus estimate of $926.36 million. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, sell-side analysts anticipate that EnerSys will post 4.89 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.70 dividend on an annualized basis and a yield of 0.86%. EnerSys’s payout ratio is 20.96%.

About EnerSys

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.