Convergence Investment Partners LLC Makes New Investment in Enersys $ENS

Convergence Investment Partners LLC acquired a new position in shares of Enersys (NYSE:ENS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,214 shares of the industrial products company’s stock, valued at approximately $1,499,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENS. Millennium Management LLC raised its holdings in Enersys by 257.8% during the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock worth $62,893,000 after purchasing an additional 401,167 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in Enersys by 343.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 311,320 shares of the industrial products company’s stock worth $35,167,000 after purchasing an additional 241,045 shares during the last quarter. New South Capital Management Inc. raised its holdings in Enersys by 22.6% during the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company’s stock worth $96,874,000 after purchasing an additional 158,267 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Enersys by 30.3% in the 3rd quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company’s stock valued at $72,986,000 after acquiring an additional 151,589 shares during the last quarter. Finally, Scopia Capital Management LP increased its stake in shares of Enersys by 55.3% in the 3rd quarter. Scopia Capital Management LP now owns 370,671 shares of the industrial products company’s stock valued at $41,871,000 after acquiring an additional 132,019 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

Enersys Price Performance

Shares of ENS opened at $236.30 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.75. The stock has a 50 day simple moving average of $190.37 and a 200 day simple moving average of $167.20. Enersys has a 52-week low of $76.60 and a 52-week high of $239.69. The firm has a market capitalization of $8.71 billion, a PE ratio of 29.28, a P/E/G ratio of 1.33 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ENS. Roth Mkm reaffirmed a “buy” rating and issued a $208.00 price target (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. TD Cowen began coverage on Enersys in a research note on Thursday, March 19th. They issued a “buy” rating and a $190.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a research note on Friday, April 24th. BTIG Research upped their price target on Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen cut Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.25.

About Enersys

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.