Frontier Capital Management Co. LLC raised its holdings in shares of Enersys (NYSE:ENS) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 443,331 shares of the industrial products company’s stock after buying an additional 9,425 shares during the period. Frontier Capital Management Co. LLC owned about 1.02% of Enersys worth $30,665,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Enersys by 2.6% during the second quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after acquiring an additional 97,319 shares during the last quarter. Boston Partners raised its stake in shares of Enersys by 47.8% during the second quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after acquiring an additional 866,056 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Enersys during the second quarter valued at about $116,256,000. State Street Corp raised its stake in shares of Enersys by 2.4% during the second quarter. State Street Corp now owns 1,467,084 shares of the industrial products company’s stock valued at $106,289,000 after acquiring an additional 34,872 shares during the last quarter. Finally, Earnest Partners LLC raised its stake in shares of Enersys by 12.7% during the second quarter. Earnest Partners LLC now owns 1,345,647 shares of the industrial products company’s stock valued at $97,492,000 after acquiring an additional 151,963 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.
ENS has been the subject of several recent analyst reports. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Enersys from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $82.00 price objective (down from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Enersys presently has a consensus rating of “Hold” and an average target price of $80.00.
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Enersys (ENS) opened at $68.75 on Monday. Enersys has a one year low of $61.33 and a one year high of $84.74. The stock has a market cap of $2,983.84, a PE ratio of 14.53, a P/E/G ratio of 2.45 and a beta of 1.70. The company has a quick ratio of 2.40, a current ratio of 3.23 and a debt-to-equity ratio of 0.54.
Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. During the same period in the previous year, the company earned $1.14 earnings per share. Enersys’s quarterly revenue was up 3.7% on a year-over-year basis. analysts anticipate that Enersys will post 4.68 EPS for the current year.
Enersys declared that its board has initiated a share buyback program on Wednesday, August 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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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