Wedge Capital Management L L P NC decreased its stake in shares of Enersys (NYSE:ENS) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 583,008 shares of the industrial products company’s stock after selling 19,753 shares during the period. Wedge Capital Management L L P NC owned 1.34% of Enersys worth $40,327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Group Inc. boosted its holdings in Enersys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 18 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Enersys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 122 shares during the period. Flinton Capital Management LLC boosted its holdings in Enersys by 68.1% in the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 784 shares during the period. Victory Capital Management Inc. bought a new stake in Enersys in the 3rd quarter valued at about $188,000. Finally, Alpine Global Management LLC bought a new stake in Enersys in the 2nd quarter valued at about $220,000. 93.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Enersys (ENS) traded up $0.80 during trading hours on Friday, hitting $68.75. 248,777 shares of the stock traded hands, compared to its average volume of 286,610. The company has a quick ratio of 2.40, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.98 billion, a PE ratio of 14.86, a PEG ratio of 2.51 and a beta of 1.70. Enersys has a one year low of $61.33 and a one year high of $84.74.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The company had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. sell-side analysts forecast that Enersys will post 4.68 EPS for the current fiscal year.

Enersys declared that its board has authorized a stock repurchase program on Wednesday, August 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of analysts have issued reports on ENS shares. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Enersys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, BidaskClub raised shares of Enersys from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.00.

Enersys Profile

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

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Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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