Raymond James Financial Inc. Takes $561,000 Position in EnerSys (NYSE:ENS)

Raymond James Financial Inc. bought a new stake in EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,071 shares of the industrial products company’s stock, valued at approximately $561,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENS. Headlands Technologies LLC lifted its holdings in shares of EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 403 shares during the period. R Squared Ltd purchased a new stake in shares of EnerSys in the fourth quarter valued at about $47,000. Parkside Financial Bank & Trust raised its stake in shares of EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares in the last quarter. KBC Group NV lifted its holdings in shares of EnerSys by 64.0% in the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock valued at $172,000 after buying an additional 727 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of EnerSys in the fourth quarter valued at approximately $172,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Price Performance

ENS stock opened at $92.82 on Friday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.57 and a beta of 1.13. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $89.94 and a 200-day moving average of $94.41. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, equities analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $117.50.

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.