78,133 Shares in Enersys $ENS Acquired by M&G PLC

M&G PLC acquired a new stake in Enersys (NYSE:ENS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 78,133 shares of the industrial products company’s stock, valued at approximately $14,376,000. M&G PLC owned approximately 0.22% of Enersys at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ENS. Wellington Management Group LLP acquired a new stake in Enersys in the second quarter valued at $22,893,000. Hsbc Holdings PLC lifted its holdings in Enersys by 80.1% during the 2nd quarter. Hsbc Holdings PLC now owns 72,021 shares of the industrial products company’s stock worth $16,856,000 after buying an additional 32,034 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Enersys by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after buying an additional 50,660 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in shares of Enersys during the 2nd quarter worth about $7,305,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Enersys during the 1st quarter worth about $10,319,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Price Performance

ENS stock opened at $151.44 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.46 billion, a P/E ratio of 16.21, a PEG ratio of 0.75 and a beta of 1.21. The business has a 50 day simple moving average of $174.01 and a 200-day simple moving average of $190.84. Enersys has a twelve month low of $131.01 and a twelve month high of $244.30.

Enersys (NYSE:ENS) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. During the same period in the previous year, the company posted $2.08 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts anticipate that Enersys will post 13.41 EPS for the current year.

Analysts Set New Price Targets

ENS has been the topic of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a report on Thursday, August 13th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research cut Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Enersys has an average rating of “Moderate Buy” and a consensus price target of $265.00.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.