Bridgefront Capital LLC Buys New Shares in EnerSys (NYSE:ENS)

Bridgefront Capital LLC acquired a new position in shares of EnerSys (NYSE:ENS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,472 shares of the industrial products company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently made changes to their positions in ENS. Quarry LP boosted its stake in shares of EnerSys by 153.4% in the 4th quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 204 shares in the last quarter. Headlands Technologies LLC raised its holdings in EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 403 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in EnerSys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. R Squared Ltd acquired a new position in EnerSys in the fourth quarter valued at about $47,000. Finally, Covestor Ltd raised its position in shares of EnerSys by 32.4% in the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, EnerSys has a consensus rating of “Buy” and an average target price of $117.50.

EnerSys Price Performance

NYSE ENS opened at $92.82 on Friday. The firm’s 50 day moving average is $89.94 and its 200-day moving average is $94.41. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53. The company has a market capitalization of $3.66 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. Equities research analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys 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.