Bailard Inc. Purchases New Shares in Enersys $ENS

Bailard Inc. purchased a new stake in Enersys (NYSE:ENS) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,744 shares of the industrial products company’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Enersys by 5.9% during the third quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company’s stock valued at $130,902,000 after buying an additional 64,503 shares during the period. First Trust Advisors LP lifted its position in Enersys by 9.4% during the third quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company’s stock valued at $109,009,000 after buying an additional 82,944 shares during the period. New South Capital Management Inc. lifted its position in Enersys by 22.6% during the third quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company’s stock valued at $96,874,000 after buying an additional 158,267 shares during the period. Boston Partners lifted its position in Enersys by 4.7% during the third quarter. Boston Partners now owns 680,174 shares of the industrial products company’s stock valued at $76,973,000 after buying an additional 30,767 shares during the period. Finally, AQR Capital Management LLC lifted its position 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 valued at $72,986,000 after buying an additional 151,589 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Enersys Trading Down 1.4%

Enersys stock opened at $236.30 on Friday. The business has a 50-day simple moving average of $190.37 and a two-hundred day simple moving average of $167.20. The company has a market cap of $8.71 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.33 and a beta of 1.17. Enersys has a 52-week low of $76.60 and a 52-week high of $239.69. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

ENS has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and set a $208.00 price objective (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. TD Cowen initiated coverage on Enersys in a research report on Thursday, March 19th. They set a “buy” rating and a $190.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. BTIG Research raised their price objective on Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen lowered Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.