Parametrica Management Ltd bought a new position in Enersys (NYSE:ENS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,691 shares of the industrial products company’s stock, valued at approximately $394,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Enersys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 18 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enersys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 122 shares during the period. Flinton Capital Management LLC boosted its stake in Enersys by 68.1% in the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 784 shares during the period. Victory Capital Management Inc. bought a new position in Enersys in the 3rd quarter worth approximately $188,000. Finally, Alpine Global Management LLC bought a new position in Enersys in the 2nd quarter worth approximately $220,000. 93.35% of the stock is owned by institutional investors.
Several research analysts have weighed in on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $77.00 price target (down from $82.00) on shares of Enersys in a research note on Wednesday. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 17th. Zacks Investment Research upgraded Enersys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Enersys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, ValuEngine downgraded Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $80.00.
Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The business had revenue of $622.60 million during the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share.
Enersys announced that its board has approved a share buyback plan on Wednesday, August 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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