EnerSys (NYSE:ENS) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of EnerSys (NYSE:ENS - Free Report) by 273.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,742 shares of the industrial products company's stock after buying an additional 7,134 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in EnerSys were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of EnerSys during the second quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock worth $37,000 after purchasing an additional 94 shares during the last quarter. Covestor Ltd grew its holdings in EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company's stock worth $36,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock worth $40,000 after buying an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in EnerSys during the second quarter valued at $41,000. 94.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ENS. Roth Mkm reissued a "buy" rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com lowered shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Finally, Roth Capital raised EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EnerSys presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Insider Activity

In other news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Joern Tinnemeyer sold 2,200 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares of the company's stock, valued at $2,536,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now directly owns 226,540 shares of the company's stock, valued at approximately $22,672,123.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by insiders.

EnerSys Stock Up 2.8 %

NYSE ENS traded up $2.81 during trading hours on Wednesday, hitting $101.90. 581,532 shares of the company were exchanged, compared to its average volume of 243,079. The company has a 50 day moving average of $99.89 and a two-hundred day moving average of $100.65. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.61 and a beta of 1.24.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter in the prior year, the business posted $1.89 EPS. The business's revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts anticipate that EnerSys will post 8.93 earnings per share for the current year.

About EnerSys

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.