Candriam S.C.A. Purchases 27,442 Shares of Enersys $ENS

Candriam S.C.A. purchased a new position in Enersys (NYSE:ENS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,442 shares of the industrial products company’s stock, valued at approximately $5,055,000. Candriam S.C.A. owned approximately 0.08% of Enersys as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ENS. Wellington Management Group LLP acquired a new position in shares of Enersys during the 2nd quarter worth about $22,893,000. Hsbc Holdings PLC boosted its holdings in Enersys by 80.1% in the 2nd quarter. Hsbc Holdings PLC now owns 72,021 shares of the industrial products company’s stock worth $16,856,000 after buying an additional 32,034 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Enersys by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after buying an additional 50,660 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new stake in Enersys in the 2nd quarter worth about $7,305,000. Finally, Renaissance Technologies LLC purchased a new stake in Enersys during the 1st quarter worth approximately $10,319,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ENS. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. BTIG Research reaffirmed a “buy” rating and issued a $280.00 price target on shares of Enersys in a research note on Thursday, August 13th. Zacks Research cut Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research note on Tuesday, September 22nd. Finally, Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $265.00.

Enersys Trading Down 0.1%

ENS opened at $151.44 on Wednesday. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21. The company’s 50 day simple moving average is $174.01 and its two-hundred day simple moving average is $190.84. Enersys has a 1-year low of $131.01 and a 1-year high of $244.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%. The business had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. During the same period in the prior year, the business earned $2.08 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Enersys will post 13.41 EPS for the current fiscal year.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.