State Treasurer State of Michigan increased its position in Enersys (NYSE:ENS) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,900 shares of the industrial products company’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in Enersys were worth $1,297,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ENS. First Interstate Bank increased its position in Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after buying an additional 10 shares during the last quarter. Engineers Gate Manager LP bought a new position in Enersys during the first quarter worth about $205,000. World Asset Management Inc increased its position in Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Enersys during the fourth quarter worth about $216,000. Finally, LS Investment Advisors LLC increased its position in Enersys by 11.8% in the first quarter. LS Investment Advisors LLC now owns 3,371 shares of the industrial products company’s stock worth $266,000 after buying an additional 357 shares during the last quarter. 95.84% of the stock is owned by institutional investors.

Shares of Enersys (NYSE:ENS) traded up 0.16% during trading on Friday, hitting $72.89. 242,950 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $73.16 and a 200-day moving average price of $77.37. Enersys has a one year low of $60.84 and a one year high of $84.74. The stock has a market cap of $3.17 billion, a P/E ratio of 20.02 and a beta of 1.65.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Tuesday, May 30th. The industrial products company reported $1.28 EPS for the quarter, meeting the consensus estimate of $1.28. Enersys had a net margin of 6.77% and a return on equity of 19.57%. Equities research analysts expect that Enersys will post $4.96 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on ENS shares. Zacks Investment Research raised shares of Enersys from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Enersys in a research note on Thursday, May 4th. ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Enersys currently has a consensus rating of “Hold” and a consensus target price of $84.33.

In other news, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the sale, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the sale, the insider now owns 28,928 shares of the company’s stock, valued at approximately $2,343,168. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,676 shares of company stock valued at $627,462. Company insiders own 1.40% of the company’s stock.

About Enersys

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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