Enersys (NYSE:ENS) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC raised its position in Enersys (NYSE:ENS) by 35.7% during the second quarter, Holdings Channel reports. The firm owned 128,044 shares of the industrial products company’s stock after buying an additional 33,680 shares during the period. Global X Management Co. LLC’s holdings in Enersys were worth $9,277,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. First Interstate Bank raised its position in shares of 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 period. Engineers Gate Manager LP acquired a new position in shares of Enersys during the first quarter worth approximately $205,000. World Asset Management Inc raised its position in shares of 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 period. Highbridge Capital Management LLC acquired a new position in shares of Enersys during the fourth quarter worth approximately $216,000. Finally, Oakbrook Investments LLC acquired a new position in shares of Enersys during the second quarter worth approximately $235,000. Institutional investors own 95.86% of the company’s stock.
Enersys (ENS) opened at 72.36 on Thursday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.88 and a beta of 1.65. The company has a 50 day moving average price of $72.54 and a 200-day moving average price of $77.18. Enersys has a 52 week low of $63.10 and a 52 week high of $84.74.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The company had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. Enersys had a net margin of 6.77% and a return on equity of 19.57%. Enersys’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities analysts predict that Enersys will post $4.96 earnings per share for the current year.
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A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Enersys from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, June 1st. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $92.00 target price (down from $95.00) on shares of Enersys in a research note on Friday, June 2nd. Finally, ValuEngine upgraded Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $84.33.
In other Enersys news, VP Kerry M. Kane sold 4,413 shares of Enersys stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the transaction, the vice president now directly owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Holger P. Aschke sold 3,000 shares of Enersys stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the completion of the transaction, the insider now directly owns 28,928 shares of the company’s stock, valued at $2,343,168. The disclosure for this sale can be found here. Insiders sold a total of 7,676 shares of company stock valued at $627,462 over the last ninety days. Insiders own 1.40% of the company’s stock.
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.
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