Oregon Public Employees Retirement Fund boosted its stake in shares of EnerSys (NYSE:ENS) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,411 shares of the industrial products company’s stock after purchasing an additional 585 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in EnerSys were worth $1,193,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in ENS. Mason Street Advisors LLC boosted its position in shares of EnerSys by 3.7% in the first quarter. Mason Street Advisors LLC now owns 22,892 shares of the industrial products company’s stock valued at $1,492,000 after acquiring an additional 815 shares during the period. Connable Office Inc. raised its stake in EnerSys by 5.6% in the first quarter. Connable Office Inc. now owns 5,363 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 283 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in EnerSys by 12.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 377,867 shares of the industrial products company’s stock valued at $24,622,000 after purchasing an additional 41,536 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in EnerSys by 10.3% in the first quarter. Pinnacle Associates Ltd. now owns 23,150 shares of the industrial products company’s stock valued at $1,508,000 after purchasing an additional 2,160 shares in the last quarter. Finally, GAM Holding AG raised its stake in EnerSys by 22.2% in the first quarter. GAM Holding AG now owns 18,404 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 3,347 shares in the last quarter. 94.68% of the stock is owned by hedge funds and other institutional investors.
NYSE ENS traded up $0.27 during trading on Tuesday, hitting $64.40. 24,904 shares of the company’s stock were exchanged, compared to its average volume of 272,570. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.68 and a current ratio of 2.51. The stock has a market capitalization of $2.79 billion, a P/E ratio of 13.06, a PEG ratio of 1.12 and a beta of 1.52. EnerSys has a fifty-two week low of $55.51 and a fifty-two week high of $89.83. The firm’s 50 day moving average price is $66.09.
ENS has been the subject of a number of analyst reports. Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Sidoti set a $101.00 price target on EnerSys and gave the company a “buy” rating in a research note on Friday, May 17th. TheStreet downgraded EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Oppenheimer lowered their target price on EnerSys from $94.00 to $87.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Finally, ValuEngine downgraded EnerSys from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. EnerSys presently has a consensus rating of “Buy” and an average target price of $90.95.
EnerSys Company Profile
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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