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

Key Points

• State of New Jersey Common Pension Fund D reduced its Enersys stake by 26.4%, selling 5,722 shares and leaving 15,963 shares valued at $2.343 million; institutional investors own about 94.93% of the company.
• Enersys slightly beat quarterly EPS ($2.77 vs. $2.73) but missed revenue estimates ($919.1M vs. $932.1M); revenue rose 1.4% year‑over‑year and the stock trades near its 52‑week high (~$223) with an $8.22B market cap.
• Analysts are predominantly positive—five Buys and one Hold—with a consensus price target of $180.25, which is below the current market price.

State of New Jersey Common Pension Fund D lowered its stake in Enersys (NYSE:ENS - Free Report) by 26.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ENS. Root Financial Partners LLC bought a new position in Enersys in the 3rd quarter valued at approximately $25,000. Allworth Financial LP raised its holdings in Enersys by 442.2% in the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company's stock valued at $28,000 after buying an additional 199 shares during the last quarter. Optiver Holding B.V. bought a new position in Enersys in the 3rd quarter valued at approximately $47,000. Farther Finance Advisors LLC raised its holdings in Enersys by 142.9% in the 4th quarter. Farther Finance Advisors LLC now owns 464 shares of the industrial products company's stock valued at $68,000 after buying an additional 273 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Enersys by 105.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 491 shares of the industrial products company's stock valued at $55,000 after buying an additional 252 shares during the last quarter. Institutional investors own 94.93% of the company's stock.

Enersys Stock Down 0.4%

Enersys stock opened at $223.20 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.75. Enersys has a 52-week low of $76.60 and a 52-week high of $226.78. The firm has a 50 day moving average price of $182.29 and a two-hundred day moving average price of $162.74. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.24 and a beta of 1.17.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $919.10 million during the quarter, compared to analyst estimates of $932.13 million. During the same quarter last year, the business earned $3.12 EPS. The company's revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Enersys will post 10.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENS. Roth Mkm reiterated a "buy" rating and issued a $208.00 price objective (up from $164.00) on shares of Enersys in a report on Tuesday, February 3rd. BTIG Research raised their price objective on shares of Enersys from $175.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Wall Street Zen lowered shares of Enersys from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. TD Cowen began coverage on shares of Enersys in a report on Thursday, March 19th. They issued a "buy" rating and a $190.00 price objective for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Enersys in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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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