State of New Jersey Common Pension Fund D Sells 5,722 Shares of Enersys $ENS

State of New Jersey Common Pension Fund D decreased its position in shares of Enersys (NYSE:ENS) by 26.4% in the 4th quarter, Holdings Channel reports. The firm owned 15,963 shares of the industrial products company’s stock after selling 5,722 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Enersys were worth $2,343,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Enersys during the 3rd quarter worth approximately $25,000. Allworth Financial LP grew its position in shares of Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after buying an additional 199 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Enersys during the 3rd quarter worth approximately $47,000. EverSource Wealth Advisors LLC grew its position in shares of Enersys by 626.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock worth $47,000 after buying an additional 476 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Enersys by 105.4% during the 3rd 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 period. Institutional investors own 94.93% of the company’s stock.

Enersys Stock Performance

NYSE ENS opened at $223.20 on Friday. The company has a fifty day simple moving average of $182.29 and a 200 day simple moving average of $162.74. Enersys has a 12-month low of $76.60 and a 12-month high of $226.78. The company has a current ratio of 2.75, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $8.22 billion, a P/E ratio of 27.66, a PEG ratio of 1.24 and a beta of 1.17.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.04. Enersys had a net margin of 8.37% and a return on equity of 21.27%. The business had revenue of $919.10 million during the quarter, compared to the consensus estimate of $932.13 million. During the same quarter last year, the firm posted $3.12 EPS. Enersys’s revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Enersys will post 10.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Enersys from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. TD Cowen began coverage on shares of Enersys in a research report on Thursday, March 19th. They set a “buy” rating and a $190.00 price objective for the company. BTIG Research raised their price objective on shares of Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $208.00 price objective (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.25.

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.