Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of EnerSys (NYSE:ENS) by 5.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 34,631 shares of the industrial products company’s stock after selling 2,158 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EnerSys were worth $3,144,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. CI Investments Inc. acquired a new position in shares of EnerSys in the 4th quarter worth approximately $46,000. Arlington Partners LLC acquired a new position in shares of EnerSys in the 1st quarter worth approximately $141,000. First Bank & Trust grew its stake in shares of EnerSys by 27.0% in the 1st quarter. First Bank & Trust now owns 1,643 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 349 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of EnerSys in the 4th quarter worth approximately $202,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of EnerSys in the 4th quarter worth approximately $213,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Northcoast Research assumed coverage on shares of EnerSys in a research note on Tuesday, March 30th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.00.
EnerSys (NYSE:ENS) last announced its earnings results on Tuesday, February 9th. The industrial products company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. EnerSys had a net margin of 3.27% and a return on equity of 12.76%. The company had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $761.34 million. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts anticipate that EnerSys will post 4.44 earnings per share for the current year.
EnerSys provides various stored energy solutions for industrial applications worldwide. The company offers energy systems, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions; motive power batteries and chargers that are utilized in electric forklift trucks and other industrial electric powered vehicles; and specialty batteries, which are used in aerospace and defense applications, large over-the-road trucks, automotive, medical, and security systems applications.
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