Clearbridge Investments LLC Sells 22,879 Shares of EnerSys (NYSE:ENS)

Clearbridge Investments LLC decreased its holdings in EnerSys (NYSE:ENS – Get Rating) by 10.2% during the 4th quarter, HoldingsChannel reports. The firm owned 201,087 shares of the industrial products company’s stock after selling 22,879 shares during the quarter. Clearbridge Investments LLC’s holdings in EnerSys were worth $14,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of EnerSys by 4.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,846 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 157 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of EnerSys by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,928 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 168 shares during the last quarter. First National Bank of Omaha increased its stake in shares of EnerSys by 0.6% in the 3rd quarter. First National Bank of Omaha now owns 30,032 shares of the industrial products company’s stock valued at $1,747,000 after purchasing an additional 172 shares during the last quarter. Synovus Financial Corp increased its stake in shares of EnerSys by 2.5% in the 4th quarter. Synovus Financial Corp now owns 7,663 shares of the industrial products company’s stock valued at $566,000 after purchasing an additional 184 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of EnerSys by 0.9% in the 3rd quarter. Amalgamated Bank now owns 27,166 shares of the industrial products company’s stock valued at $1,580,000 after purchasing an additional 233 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on EnerSys in a report on Thursday, May 18th. They set a “strong-buy” rating on the stock.

EnerSys Trading Up 14.4 %

NYSE ENS opened at $96.22 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.79 and a debt-to-equity ratio of 0.72. EnerSys has a twelve month low of $55.60 and a twelve month high of $96.36. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The business’s fifty day moving average is $83.33 and its 200 day moving average is $81.30.

EnerSys (NYSE:ENS – Get Rating) last announced its earnings results on Wednesday, May 24th. The industrial products company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.38 by $0.44. The firm had revenue of $990.00 million for the quarter, compared to the consensus estimate of $953.05 million. EnerSys had a return on equity of 15.11% and a net margin of 4.74%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. As a group, sell-side analysts expect that EnerSys will post 6.13 EPS for the current fiscal year.

EnerSys Profile

(Get Rating)

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.