Convergence Investment Partners LLC Acquires New Holdings in Enersys $ENS

Convergence Investment Partners LLC acquired a new stake in Enersys (NYSE:ENS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 10,214 shares of the industrial products company’s stock, valued at approximately $1,499,000.

Several other institutional investors and hedge funds have also modified their holdings of ENS. Millennium Management LLC grew its position in shares of Enersys by 257.8% in the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock valued at $62,893,000 after purchasing an additional 401,167 shares during the period. Kennedy Capital Management LLC grew its position in shares of Enersys by 343.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 311,320 shares of the industrial products company’s stock valued at $35,167,000 after purchasing an additional 241,045 shares during the period. New South Capital Management Inc. grew its position in shares of Enersys by 22.6% in the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company’s stock valued at $96,874,000 after purchasing an additional 158,267 shares during the period. AQR Capital Management LLC grew its position in shares of Enersys by 30.3% in the 3rd quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company’s stock valued at $72,986,000 after purchasing an additional 151,589 shares during the period. Finally, Scopia Capital Management LP grew its position in shares of Enersys by 55.3% in the 3rd quarter. Scopia Capital Management LP now owns 370,671 shares of the industrial products company’s stock valued at $41,871,000 after purchasing an additional 132,019 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ENS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. TD Cowen started coverage on Enersys in a research report on Thursday, March 19th. They set a “buy” rating and a $190.00 price target for the company. Wall Street Zen downgraded Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research upped their price target on Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Roth Mkm reaffirmed 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Enersys has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Enersys Trading Down 1.4%

NYSE:ENS opened at $236.30 on Friday. Enersys has a twelve month low of $76.60 and a twelve month 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. The business has a 50 day moving average price of $190.37 and a two-hundred day moving average price of $167.20. The company has a market cap of $8.71 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17.

About Enersys

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.