Spectrum Strategic Capital Management LLC Makes New $598,000 Investment in Enersys $ENS

Spectrum Strategic Capital Management LLC purchased a new position in shares of Enersys (NYSE:ENS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,075 shares of the industrial products company’s stock, valued at approximately $598,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC bought a new position in Enersys in the 4th quarter worth approximately $1,499,000. Northwestern Mutual Wealth Management Co. grew its holdings in Enersys by 105,190.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,079 shares of the industrial products company’s stock worth $14,833,000 after acquiring an additional 100,983 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in Enersys during the 4th quarter worth $249,000. Allworth Financial LP grew its holdings in Enersys by 69.7% during the 4th quarter. Allworth Financial LP now owns 414 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 170 shares during the period. Finally, Versor Investments LP acquired a new stake in Enersys during the 4th quarter worth $269,000. Institutional investors own 94.93% of the company’s stock.

Enersys Trading Down 0.3%

ENS opened at $236.30 on Monday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.32 and a beta of 1.17. Enersys has a 12 month low of $76.60 and a 12 month high of $239.69. The firm’s fifty day simple moving average is $190.37 and its 200 day simple moving average is $167.52. The company has a current ratio of 2.75, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

ENS has been the subject of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $208.00 target price (up from $164.00) on shares of Enersys in a report on Tuesday, February 3rd. TD Cowen initiated coverage on shares of Enersys in a report on Thursday, March 19th. They set a “buy” rating and a $190.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. Wall Street Zen lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BTIG Research lifted their target price on shares of Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Enersys currently has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Enersys Profile

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.