New Amsterdam Partners LLC NY acquired a new position in EnerSys (NYSE:ENS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 43,231 shares of the industrial products company’s stock, valued at approximately $3,767,000. New Amsterdam Partners LLC NY owned 0.10% of EnerSys as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in ENS. Millennium Management LLC boosted its position in shares of EnerSys by 244.6% in the first quarter. Millennium Management LLC now owns 99,580 shares of the industrial products company’s stock worth $6,908,000 after buying an additional 70,681 shares during the period. Legal & General Group Plc boosted its holdings in EnerSys by 14.0% in the first quarter. Legal & General Group Plc now owns 60,985 shares of the industrial products company’s stock valued at $4,230,000 after purchasing an additional 7,486 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in EnerSys by 0.4% in the first quarter. Principal Financial Group Inc. now owns 183,249 shares of the industrial products company’s stock valued at $12,712,000 after purchasing an additional 788 shares during the last quarter. Bank of Montreal Can purchased a new position in EnerSys in the second quarter valued at about $355,000. Finally, Capital One National Association purchased a new position in EnerSys in the second quarter valued at about $212,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.
ENS has been the subject of a number of analyst reports. Oppenheimer increased their price target on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. Citigroup increased their price target on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Sidoti increased their price target on EnerSys from $93.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, October 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $99.00.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $659.18 million. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that EnerSys will post 5.05 EPS for the current year.
In other news, insider Holger P. Aschke sold 4,545 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $77.13, for a total value of $350,555.85. Following the completion of the transaction, the insider now owns 38,294 shares of the company’s stock, valued at approximately $2,953,616.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Holger P. Aschke sold 3,915 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $77.00, for a total transaction of $301,455.00. Following the completion of the transaction, the insider now directly owns 38,294 shares of the company’s stock, valued at $2,948,638. The disclosure for this sale can be found here. Insiders sold a total of 21,920 shares of company stock valued at $1,732,714 in the last three months. 1.50% of the stock is owned by company insiders.
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EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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