Meritage Portfolio Management buys $6,110,864 stake in EnerSys (ENS)

EnerSys (ENS) : Meritage Portfolio Management scooped up 2,470 additional shares in EnerSys during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 103,997 shares of EnerSys which is valued at $6,110,864.EnerSys makes up approximately 0.69% of Meritage Portfolio Management’s portfolio.

EnerSys closed down -0.29 points or -0.49% at $58.54 with 1,59,605 shares getting traded on Wednesday. Post opening the session at $58.72, the shares hit an intraday low of $58.25 and an intraday high of $59.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in ENS during the most recent quarter. The investment firm sold 4,800 shares of ENS which is valued $282,048.Capital One National Association reduced its stake in ENS by selling 11 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 5,992 shares of ENS which is valued at $352,090. EnerSys makes up approx 0.03% of Capital One National Association’s portfolio.1st Global Advisors boosted its stake in ENS in the latest quarter, The investment management firm added 4,125 additional shares and now holds a total of 14,012 shares of EnerSys which is valued at $781,729. EnerSys makes up approx 0.11% of 1st Global Advisors’s portfolio. Benjamin F. Edwards Company sold out all of its stake in ENS during the most recent quarter. The investment firm sold 2 shares of ENS which is valued $112. Endurance Wealth Management sold out all of its stake in ENS during the most recent quarter. The investment firm sold 110 shares of ENS which is valued $6,137.

On the company’s financial health, EnerSys reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.93. The company had revenue of $573.60 million for the quarter, compared to analysts expectations of $567.36 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on EnerSys. Shares were Reiterated by Stifel on Jan 25, 2016 to “Buy” and Lowered the Price Target to $ 67 from a previous price target of $73 .

EnerSys is a manufacturer marketer and distributor of industrial batteries. The Company also manufacture market and distribute related products such as chargers power equipment outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries. The Company has two primary product lines: reserve power products and motive power products. Reserve power products are used for backup power for the continuous operation of critical applications in telecommunications systems uninterruptible power systems or UPS applications for computer and computer-controlled systems and other specialty power applications. Motive power products are used to provide power for electric industrial forklifts used in manufacturing warehousing and other material handling applications as well as mining equipment diesel locomotive starting and other rail equipment.

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