Trust Point Inc. Acquires 702 Shares of EnerSys (NYSE:ENS)

Trust Point Inc. boosted its holdings in shares of EnerSys (NYSE:ENS) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,526 shares of the industrial products company’s stock after buying an additional 702 shares during the quarter. Trust Point Inc.’s holdings in EnerSys were worth $696,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ENS. Creative Planning increased its holdings in shares of EnerSys by 60.4% during the 2nd quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock valued at $604,000 after acquiring an additional 2,196 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in EnerSys during the second quarter valued at approximately $343,000. Handelsbanken Fonder AB raised its position in shares of EnerSys by 39.9% in the third quarter. Handelsbanken Fonder AB now owns 11,230 shares of the industrial products company’s stock valued at $1,146,000 after purchasing an additional 3,200 shares during the period. CWM LLC lifted its stake in shares of EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock worth $151,000 after buying an additional 484 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in EnerSys by 19.2% in the 3rd quarter. Inspire Investing LLC now owns 4,050 shares of the industrial products company’s stock valued at $413,000 after buying an additional 652 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnerSys has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys Price Performance

NYSE:ENS opened at $93.84 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market cap of $3.74 billion, a P/E ratio of 13.29, a PEG ratio of 0.55 and a beta of 1.22. The company has a fifty day moving average price of $94.79 and a 200 day moving average price of $97.93. EnerSys has a one year low of $86.41 and a one year high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same quarter in the prior year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts anticipate that EnerSys will post 9.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.61% of the company’s stock.

EnerSys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.