UBS Group AG boosted its stake in shares of Enersys (NYSE:ENS - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 406,113 shares of the industrial products company's stock after purchasing an additional 130,162 shares during the period. UBS Group AG owned about 1.10% of Enersys worth $59,597,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cardinal Capital Management bought a new position in Enersys during the third quarter valued at approximately $1,311,000. SG Americas Securities LLC raised its position in Enersys by 279.0% in the third quarter. SG Americas Securities LLC now owns 14,351 shares of the industrial products company's stock worth $1,621,000 after acquiring an additional 10,564 shares during the period. AXQ Capital LP bought a new position in Enersys in the third quarter worth approximately $657,000. First Trust Advisors LP raised its position in Enersys by 9.4% in the third quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company's stock worth $109,009,000 after acquiring an additional 82,944 shares during the period. Finally, New South Capital Management Inc. raised its position in Enersys by 22.6% in the third quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company's stock worth $96,874,000 after acquiring an additional 158,267 shares during the period. Institutional investors own 94.93% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Enersys in a research report on Friday, April 24th. BTIG Research increased 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. Zacks Research downgraded shares of Enersys from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 6th. TD Cowen assumed coverage on shares of Enersys in a research report on Thursday, March 19th. They issued a "buy" rating and a $190.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Enersys from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.25.
Read Our Latest Report on ENS
Enersys Stock Up 4.4%
Shares of ENS stock opened at $220.36 on Wednesday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.17 and a beta of 1.17. Enersys has a one year low of $76.60 and a one year high of $221.08. The company's fifty day moving average price is $180.15 and its 200-day moving average price is $161.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.75 and a quick ratio of 1.72.
Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.73 by $0.04. The firm had revenue of $919.10 million for 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 was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $3.12 EPS. Sell-side analysts expect that Enersys will post 10.35 EPS for the current fiscal year.
Enersys Company Profile
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Free Report)
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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