Skandinaviska Enskilda Banken AB publ Lowers Position in EnerSys (NYSE:ENS)

Posted by on May 14th, 2023

Skandinaviska Enskilda Banken AB publ cut its stake in shares of EnerSys (NYSE:ENS – Get Rating) by 58.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,305 shares of the industrial products company’s stock after selling 14,517 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in EnerSys were worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wipfli Financial Advisors LLC bought a new position in shares of EnerSys in the third quarter worth approximately $37,000. Ellevest Inc. increased its position in EnerSys by 102.0% in the third quarter. Ellevest Inc. now owns 895 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 452 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of EnerSys in the 1st quarter worth about $60,000. Covestor Ltd raised its position in shares of EnerSys by 58.2% during the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock valued at $69,000 after buying an additional 342 shares in the last quarter. Finally, US Asset Management LLC bought a new position in shares of EnerSys in the 4th quarter valued at about $98,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Down 0.6 %

ENS stock opened at $83.66 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.79 and a debt-to-equity ratio of 0.72. EnerSys has a twelve month low of $55.60 and a twelve month high of $94.32. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The firm’s fifty day simple moving average is $83.10 and its two-hundred day simple moving average is $80.10.

EnerSys (NYSE:ENS – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The business had revenue of $920.20 million for the quarter, compared to analysts’ expectations of $926.36 million. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that EnerSys will post 4.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on EnerSys in a research report on Thursday, March 16th. They issued a “strong-buy” rating for the company.

About EnerSys

(Get Rating)

EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.

Featured Stories

Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

Receive News & Ratings for EnerSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerSys and related companies with MarketBeat.com's FREE daily email newsletter.