Spectrum Strategic Capital Management LLC Takes Position in Enersys $ENS

Spectrum Strategic Capital Management LLC bought a new stake in Enersys (NYSE:ENS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,075 shares of the industrial products company’s stock, valued at approximately $598,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Enersys during the 3rd quarter worth approximately $25,000. Allworth Financial LP grew its position in shares of Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 199 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Enersys during the 3rd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Enersys by 626.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 476 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $208.00 price target (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. Wall Street Zen lowered shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. TD Cowen assumed coverage on shares of Enersys in a research report on Thursday, March 19th. They set a “buy” rating and a $190.00 price target on the stock. Finally, BTIG Research increased their price target on shares of Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.25.

Enersys Price Performance

ENS stock opened at $236.30 on Monday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.32 and a beta of 1.17. 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 has a 12-month low of $76.60 and a 12-month high of $239.69. The company’s fifty day simple moving average is $190.37 and its 200 day simple moving average is $167.52.

Enersys Company 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.