Should You Hold EnerSys (ENS)?

Investment management company Vulcan Value Partners recently released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all gained positive absolute returns in the second quarter. The fund’s Large Cap Composite returned 10.0% net of fees and expenses, the Small Cap Composite returned 4.4% net, the Focus Composite returned 11.1% net, the Focus Plus composite returned 10.6%, and the All-Cap Composite returned 6.0% net. You can check the top 5 holdings of the fund to know its best picks in 2023.

Vulcan Value Partners highlighted stocks like EnerSys (NYSE:ENS) in the second quarter 2023 investor letter. Based in Reading, Pennsylvania, EnerSys (NYSE:ENS) provides stored energy solutions for industrial applications. On August 22, 2023, EnerSys (NYSE:ENS) stock closed at $100.64 per share. One-month return of EnerSys (NYSE:ENS) was -6.18%, and its shares gained 50.41% of their value over the last 52 weeks. EnerSys (NYSE:ENS) has a market capitalization of $4.13 billion.

Vulcan Value Partners made the following comment about EnerSys (NYSE:ENS) in its second quarter 2023 investor letter:

“EnerSys (NYSE:ENS) is a global leader in stored energy solutions for industrial applications. Pandemic related supply chain issues slowed revenue growth, depressed margins, and decreased free cash flow. Management has done a good job recapturing higher input costs. At their recent investment day, they confirmed that their growth drivers remain in place, though they may develop slower than the company originally forecast.”

EnerSys (NYSE:ENS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held EnerSys (NYSE:ENS) at the end of second quarter which was 23 in the previous quarter.

We discussed EnerSys (NYSE:ENS) in another article and shared the list of cheap lithium stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.