Parametrica Management Ltd Buys Shares of 5,691 Enersys (ENS)

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.

ILLEGAL ACTIVITY WARNING: “Parametrica Management Ltd Buys Shares of 5,691 Enersys (ENS)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/11/02/parametrica-management-ltd-buys-shares-of-5691-enersys-ens.html.

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.

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

What are top analysts saying about Enersys? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enersys and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit