First Hawaiian Bank Takes Position in EnerSys (ENS)

First Hawaiian Bank acquired a new position in shares of EnerSys (NYSE:ENS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,014 shares of the industrial products company’s stock, valued at approximately $175,000.

Other hedge funds have also made changes to their positions in the company. Ifrah Financial Services Inc. acquired a new position in EnerSys during the second quarter worth $210,000. Capital One National Association acquired a new position in EnerSys during the second quarter worth $212,000. Macquarie Group Ltd. grew its holdings in EnerSys by 1,400.0% during the second quarter. Macquarie Group Ltd. now owns 3,000 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 2,800 shares during the period. Laurion Capital Management LP acquired a new position in EnerSys during the second quarter worth $240,000. Finally, HL Financial Services LLC acquired a new position in EnerSys during the second quarter worth $263,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys stock opened at $81.24 on Friday. The company has a current ratio of 3.33, a quick ratio of 2.46 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.54 and a beta of 1.46. EnerSys has a fifty-two week low of $62.85 and a fifty-two week high of $89.23.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The company had revenue of $670.90 million for the quarter, compared to analyst estimates of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. EnerSys’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Equities analysts predict that EnerSys will post 5.05 EPS for the current year.

In other news, insider Holger P. Aschke sold 4,545 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $77.13, for a total value of $350,555.85. Following the sale, the insider now directly owns 38,294 shares in the company, valued at $2,953,616.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Myles Jones sold 13,460 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $80.29, for a total value of $1,080,703.40. Following the completion of the sale, the insider now owns 49,102 shares in the company, valued at $3,942,399.58. The disclosure for this sale can be found here. Insiders sold 21,920 shares of company stock worth $1,732,714 in the last three months. 1.50% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the company. Sidoti set a $106.00 price objective on EnerSys and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer reaffirmed a “buy” rating on shares of EnerSys in a report on Tuesday. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating and set a $100.00 target price on the stock in a report on Monday, October 8th. Finally, Citigroup upped their target price on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $99.00.

About EnerSys

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Further Reading: Why do company’s buyback their stock?

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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