UBS Group AG Purchases 130,162 Shares of Enersys $ENS

UBS Group AG increased its position in shares of Enersys (NYSE:ENS) by 47.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,113 shares of the industrial products company’s stock after purchasing an additional 130,162 shares during the period. UBS Group AG’s holdings in Enersys were worth $59,597,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. M&T Bank Corp purchased a new position in Enersys during the fourth quarter valued at $11,963,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Enersys by 14.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,552 shares of the industrial products company’s stock valued at $7,570,000 after purchasing an additional 6,441 shares during the last quarter. TABR Capital Management LLC bought a new position in shares of Enersys during the 4th quarter valued at about $4,345,000. Carmel Capital Management L.L.C. boosted its holdings in shares of Enersys by 10.0% during the 4th quarter. Carmel Capital Management L.L.C. now owns 72,895 shares of the industrial products company’s stock valued at $10,697,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Enersys by 38.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,041 shares of the industrial products company’s stock valued at $1,767,000 after purchasing an additional 3,367 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENS has been the subject of several research reports. Zacks Research downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen downgraded shares of Enersys from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. TD Cowen initiated coverage on shares of Enersys in a report on Thursday, March 19th. They set a “buy” rating and a $190.00 price objective for the company. Finally, BTIG Research increased their price objective on shares of Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $180.25.

Enersys Stock Performance

Shares of NYSE:ENS opened at $220.36 on Wednesday. Enersys has a 52 week low of $76.60 and a 52 week high of $221.08. The stock has a market capitalization of $8.12 billion, a P/E ratio of 27.31, a PEG ratio of 1.17 and a beta of 1.17. The firm has a fifty day simple moving average of $180.15 and a two-hundred day simple moving average of $161.32. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61.

Enersys (NYSE:ENS) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.04. The firm had revenue of $919.10 million during the quarter, compared to analyst estimates of $932.13 million. Enersys had a net margin of 8.37% and a return on equity of 21.27%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $3.12 EPS. On average, analysts expect that Enersys will post 10.35 earnings per share for the current fiscal year.

Enersys Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.