EnerSys (NYSE:ENS) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in EnerSys (NYSE:ENS) by 273.5% in the 3rd quarter, Holdings Channel reports. The firm owned 9,742 shares of the industrial products company’s stock after purchasing an additional 7,134 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EnerSys were worth $994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after purchasing an additional 60,021 shares during the period. Quantbot Technologies LP lifted its stake in shares of EnerSys by 867.8% in the first quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares during the period. DekaBank Deutsche Girozentrale raised its position in EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after acquiring an additional 45,881 shares during the last quarter. Assenagon Asset Management S.A. raised its position in EnerSys by 354.4% during the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after acquiring an additional 50,958 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in EnerSys during the first quarter worth about $494,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 over the last ninety days. 1.61% of the stock is currently owned by corporate insiders.

EnerSys Stock Performance

Shares of NYSE ENS opened at $99.09 on Wednesday. The company has a market cap of $3.99 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. The company has a 50-day simple moving average of $99.89 and a 200-day simple moving average of $100.59.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, equities analysts anticipate that EnerSys will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENS has been the subject of a number of research reports. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.