EnerSys (ENS) : Paradigm Capital Management Incny scooped up 1,500 additional shares in EnerSys during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 333,600 shares of EnerSys which is valued at $21,633,960.EnerSys makes up approximately 2.44% of Paradigm Capital Management Incny’s portfolio.
Other Hedge Funds, Including , Mark Sheptoff Financial Planning boosted its stake in ENS in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 3,921 shares of EnerSys which is valued at $272,941. EnerSys makes up approx 0.20% of Mark Sheptoff Financial Planning’s portfolio. Feltz Wealth Plan sold out all of its stake in ENS during the most recent quarter. The investment firm sold 556 shares of ENS which is valued $38,703. Lombardia Capital Partners sold out all of its stake in ENS during the most recent quarter. The investment firm sold 62,128 shares of ENS which is valued $4,027,137.Gsa Capital Partners Llp reduced its stake in ENS by selling 5,012 shares or 36.71% in the most recent quarter. The Hedge Fund company now holds 8,640 shares of ENS which is valued at $560,045. EnerSys makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.
EnerSys opened for trading at $69.5 and hit $70.5 on the upside on Wednesday, eventually ending the session at $70.19, with a gain of 0.63% or 0.44 points. The heightened volatility saw the trading volume jump to 2,11,465 shares. Company has a market cap of $3,048 M.
On the company’s financial health, EnerSys reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $1.10. The company had revenue of $600.60 million for the quarter, compared to analysts expectations of $601.71 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on EnerSys. Company shares were Reiterated by Maxim Group on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 78 from a previous price target of $74 .Maxim Group Upgraded EnerSys on Jun 2, 2016 to ” Buy”, Price Target of the shares are set at $74.
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.