Paradigm Capital Management Inc. NY Acquires 15,472 Shares of EnerSys (NYSE:ENS)

Paradigm Capital Management Inc. NY grew its stake in shares of EnerSys (NYSE:ENS) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 477,972 shares of the industrial products company’s stock after purchasing an additional 15,472 shares during the period. EnerSys comprises approximately 2.0% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 14th biggest position. Paradigm Capital Management Inc. NY owned about 1.21% of EnerSys worth $44,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENS. Vanguard Group Inc. boosted its holdings in EnerSys by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company’s stock worth $431,376,000 after purchasing an additional 90,670 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of EnerSys by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company’s stock worth $136,583,000 after buying an additional 13,104 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of EnerSys by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company’s stock valued at $122,262,000 after acquiring an additional 13,786 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of EnerSys by 13.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company’s stock valued at $95,021,000 after purchasing an additional 121,758 shares during the last quarter. Finally, Boston Partners increased its holdings in EnerSys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company’s stock worth $78,801,000 after buying an additional 270,726 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

EnerSys Stock Down 1.6%

Shares of NYSE ENS opened at $98.33 on Tuesday. The business has a 50-day simple moving average of $89.84 and a two-hundred day simple moving average of $94.34. 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 52 week low of $76.57 and a 52 week high of $112.53. The company has a market cap of $3.88 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.57 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $117.50.

About EnerSys

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.