Osprey Private Wealth LLC Takes $362,000 Position in Enersys $ENS

Osprey Private Wealth LLC purchased a new position in Enersys (NYSE:ENS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,470 shares of the industrial products company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in Enersys during the third quarter valued at $25,000. Allworth Financial LP grew its stake in shares of Enersys by 442.2% in the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 199 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Enersys by 239.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 151 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Enersys during the third quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Enersys by 626.3% during the second quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 476 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

Enersys Trading Up 3.1%

Shares of NYSE:ENS opened at $229.97 on Friday. 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 has a 1 year low of $76.60 and a 1 year high of $231.25. The company has a market cap of $8.47 billion, a P/E ratio of 28.50, a PEG ratio of 1.28 and a beta of 1.17. The stock’s fifty day moving average price is $182.29 and its 200-day moving average price 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, topping 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 return on equity of 21.27% and a net margin of 8.37%.Enersys’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $3.12 EPS. Sell-side analysts expect that Enersys will post 10.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ENS has been the topic of a number of analyst reports. Wall Street Zen cut shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research note on Friday, April 24th. TD Cowen assumed coverage on shares of Enersys in a report on Thursday, March 19th. They issued a “buy” rating and a $190.00 target price for the company. BTIG Research increased their price target on shares of Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Roth Mkm reissued a “buy” rating and set 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.25.

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.