Trust Point Inc. Acquires 702 Shares of EnerSys (NYSE:ENS)

Trust Point Inc. grew its stake in EnerSys (NYSE:ENS) by 10.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,526 shares of the industrial products company’s stock after acquiring an additional 702 shares during the quarter. Trust Point Inc.’s holdings in EnerSys were worth $696,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in EnerSys in the fourth quarter valued at $47,000. Millburn Ridgefield Corp bought a new position in shares of EnerSys during the third quarter valued at $88,000. Point72 Asset Management L.P. acquired a new stake in shares of EnerSys in the 3rd quarter valued at $125,000. CWM LLC grew its holdings in shares of EnerSys by 48.6% in the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 484 shares during the last quarter. Finally, KBC Group NV increased its position in shares of EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 727 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Trading Up 0.2 %

ENS opened at $93.84 on Wednesday. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The firm has a 50-day moving average price of $94.79 and a two-hundred day moving average price of $97.93. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.29, a PEG ratio of 0.55 and a beta of 1.22. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. EnerSys’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, equities analysts anticipate that EnerSys will post 9.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENS. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $117.50.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.