Enersys $ENS Stock Holdings Raised by Strs Ohio

Key Points

• Strs Ohio boosted its stake in Enersys by 343.5% in Q4, buying an additional 7,900 shares to hold 10,200 shares valued at $1.497 million.
• Institutional ownership is very high at 94.93%, with major funds like Invesco, First Trust, New South, Boston Partners and AQR all increasing positions, indicating strong institutional interest.
• Shares trade near a 1-year high (opened at $224.29) with a market cap of $8.27 billion; Q4 EPS slightly beat estimates ($2.77 vs $2.73) despite a revenue miss, and analysts rate the stock a consensus "Moderate Buy" with an average target of $180.25.

Strs Ohio grew its stake in Enersys (NYSE:ENS - Free Report) by 343.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,200 shares of the industrial products company's stock after purchasing an additional 7,900 shares during the quarter. Strs Ohio's holdings in Enersys were worth $1,497,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in Enersys by 5.9% during the 3rd quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company's stock worth $130,902,000 after buying an additional 64,503 shares during the last quarter. First Trust Advisors LP raised its position in shares of Enersys by 9.4% during the 3rd quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company's stock valued at $109,009,000 after acquiring an additional 82,944 shares in the last quarter. New South Capital Management Inc. raised its position in shares of Enersys by 22.6% during the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company's stock valued at $96,874,000 after acquiring an additional 158,267 shares in the last quarter. Boston Partners lifted its stake in Enersys by 4.7% during the third quarter. Boston Partners now owns 680,174 shares of the industrial products company's stock worth $76,973,000 after purchasing an additional 30,767 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Enersys by 30.3% during the third quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company's stock worth $72,986,000 after purchasing an additional 151,589 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Price Performance

Shares of NYSE ENS opened at $224.29 on Thursday. Enersys has a 1-year low of $76.60 and a 1-year high of $225.97. 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 fifty day moving average price is $181.29 and its two-hundred day moving average price is $162.02. The firm has a market capitalization of $8.27 billion, a PE ratio of 27.79, a P/E/G ratio of 1.22 and a beta of 1.17.

Enersys (NYSE:ENS - Get Free Report) last announced 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. The company had revenue of $919.10 million during the quarter, compared to the consensus estimate of $932.13 million. Enersys had a net margin of 8.37% and a return on equity of 21.27%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.12 earnings per share. On average, research analysts expect that Enersys will post 10.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENS. Roth Mkm reiterated a "buy" rating and set a $208.00 target price (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. BTIG Research raised their price target 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. Wall Street Zen downgraded shares of Enersys from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Enersys in a research note on Friday, April 24th. Finally, TD Cowen began coverage on shares of Enersys in a report on Thursday, March 19th. They issued a "buy" rating and a $190.00 target price on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.25.

Enersys 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.

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