EnerSys (NYSE:ENS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lowered its stake in shares of EnerSys (NYSE:ENS – Get Rating) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,160 shares of the industrial products company’s stock after selling 2,046 shares during the quarter. Texas Permanent School Fund owned about 0.07% of EnerSys worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ENS. Wipfli Financial Advisors LLC acquired a new position in shares of EnerSys during the 3rd quarter valued at about $37,000. Ellevest Inc. grew its holdings in shares of EnerSys by 102.0% during the 3rd quarter. Ellevest Inc. now owns 895 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 452 shares during the period. Quantbot Technologies LP purchased a new stake in shares of EnerSys during the 1st quarter worth about $60,000. Covestor Ltd grew its holdings in shares of EnerSys by 58.2% during the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 342 shares during the period. Finally, US Asset Management LLC purchased a new stake in shares of EnerSys during the 4th quarter worth about $98,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on EnerSys in a report on Thursday, March 16th. They set a “strong-buy” rating for the company.

EnerSys Stock Down 0.6 %

Shares of NYSE:ENS opened at $84.17 on Friday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 25.20, a PEG ratio of 0.98 and a beta of 1.36. EnerSys has a 1 year low of $55.60 and a 1 year high of $94.32. The stock has a 50-day simple moving average of $83.27 and a 200-day simple moving average of $79.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79.

EnerSys (NYSE:ENS – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $920.20 million during the quarter, compared to analysts’ expectations of $926.36 million. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. EnerSys’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Equities analysts forecast that EnerSys will post 4.89 earnings per share for the current year.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.