Enersys $ENS Shares Newly Purchased by M&G PLC

M&G PLC purchased a new position in shares of Enersys (NYSE:ENS) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 78,133 shares of the industrial products company’s stock, valued at approximately $14,376,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Enersys during the 2nd quarter valued at approximately $1,221,455,000. Principal Financial Group Inc. lifted its position in Enersys by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after acquiring an additional 50,660 shares during the period. Bank of America Corp DE grew its stake in shares of Enersys by 6.8% in the 1st quarter. Bank of America Corp DE now owns 459,504 shares of the industrial products company’s stock valued at $79,825,000 after purchasing an additional 29,364 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new position in shares of Enersys in the 2nd quarter valued at approximately $102,249,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Enersys by 6.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 345,303 shares of the industrial products company’s stock valued at $59,986,000 after purchasing an additional 20,767 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Stock Performance

NYSE:ENS opened at $151.44 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. Enersys has a fifty-two week low of $131.01 and a fifty-two week high of $244.30. The stock has a market cap of $5.46 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21. The firm’s fifty day simple moving average is $174.01 and its 200-day simple moving average is $190.84.

Enersys (NYSE:ENS) last announced 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 net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. During the same quarter last year, the firm posted $2.08 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Enersys will post 13.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.