Enersys $ENS Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Enersys (NYSE:ENS) by 454.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,308 shares of the industrial products company’s stock after acquiring an additional 8,449 shares during the period. QRG Capital Management Inc.’s holdings in Enersys were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ENS. United Services Automobile Association acquired a new position in Enersys during the 1st quarter worth about $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Enersys by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock worth $10,419,000 after acquiring an additional 9,737 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Enersys during the 2nd quarter worth about $4,623,000. EverSource Wealth Advisors LLC raised its position in Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 476 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Enersys in the 2nd quarter valued at about $460,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

ENS has been the topic of a number of analyst reports. Wall Street Zen lowered Enersys from a “buy” rating to a “hold” rating in a research report on Saturday. BTIG Research increased their price target on Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. TD Cowen initiated coverage on Enersys in a research report on Thursday, March 19th. They issued a “buy” rating and a $190.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $208.00 price target (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.25.

Enersys Price Performance

ENS stock opened at $229.97 on Friday. Enersys has a 1 year low of $76.60 and a 1 year high of $231.25. The firm has a market capitalization of $8.47 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.75 and a quick ratio of 1.72. The business’s 50-day moving average is $182.29 and its two-hundred day moving average is $162.74.

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

Enersys Company Profile

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.