Capital Asset Advisory Services Lowers stake in EnerSys (ENS)

EnerSys (ENS) : Capital Asset Advisory Services reduced its stake in EnerSys by 25.98% during the most recent quarter end. The investment management company now holds a total of 7,537 shares of EnerSys which is valued at $527,439 after selling 2,646 shares in EnerSys , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.EnerSys makes up approximately 0.72% of Capital Asset Advisory Services’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in ENS during the most recent quarter. The investment firm sold 271 shares of ENS which is valued $18,965. Simplex Trading sold out all of its stake in ENS during the most recent quarter. The investment firm sold 486 shares of ENS which is valued $33,369. First Mercantile Trust Co added ENS to its portfolio by purchasing 4,630 company shares during the most recent quarter which is valued at $317,896. EnerSys makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ENS by selling 4,473 shares or 25.67% in the most recent quarter. The Hedge Fund company now holds 12,949 shares of ENS which is valued at $905,653.Independent Portfolio Consultants reduced its stake in ENS by selling 290 shares or 27.88% in the most recent quarter. The Hedge Fund company now holds 750 shares of ENS which is valued at $52,455. EnerSys makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.

EnerSys closed down -2.64 points or -3.77% at $67.34 with 1,66,329 shares getting traded on Tuesday. Post opening the session at $69.54, the shares hit an intraday low of $67 and an intraday high of $69.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 .

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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