EnerSys (NYSE:ENS) Shares Bought by KBC Group NV

KBC Group NV raised its position in EnerSys (NYSE:ENS) by 64.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,863 shares of the industrial products company’s stock after acquiring an additional 727 shares during the period. KBC Group NV’s holdings in EnerSys were worth $172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in EnerSys in the third quarter valued at about $88,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the third quarter worth $125,000. CWM LLC raised its position in 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 acquiring an additional 484 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of EnerSys in the third quarter valued at about $184,000. Finally, Wolverine Trading LLC purchased a new position in EnerSys in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 0.9 %

Shares of ENS opened at $94.72 on Thursday. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. 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 firm has a 50 day simple moving average of $94.76 and a 200-day simple moving average of $97.91. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. Equities analysts forecast that EnerSys will post 9.78 EPS for the current fiscal year.

Insider Activity at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys 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 sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

ENS has been the topic of a number of research reports. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Company 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.