Edge Wealth Management Cut By $556,800 Its Patrick Industries (PATK) Holding; 5 Analysts Covering EnerSys (ENS)

February 15, 2018 - By Hazel Jackson

Among 8 analysts covering Enersys (NYSE:ENS), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Enersys had 16 analyst reports since August 14, 2015 according to SRatingsIntel. The company was downgraded on Friday, August 14 by Ardour Capital. On Tuesday, January 23 the stock rating was downgraded by Sidoti to “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $67.0 target in Monday, January 25 report. As per Monday, October 26, the company rating was downgraded by William Blair. The rating was downgraded by CL King to “Neutral” on Tuesday, November 10. The stock of EnerSys (NYSE:ENS) earned “Buy” rating by Stifel Nicolaus on Friday, May 6. CL King upgraded EnerSys (NYSE:ENS) on Tuesday, January 16 to “Buy” rating. The firm has “Buy” rating given on Wednesday, November 1 by Oppenheimer. The stock has “Neutral” rating by Sidoti on Wednesday, December 14. Sidoti upgraded EnerSys (NYSE:ENS) on Thursday, August 17 to “Buy” rating. See EnerSys (NYSE:ENS) latest ratings:

23/01/2018 Broker: Sidoti Rating: Hold New Target: $79.0 Downgrade
16/01/2018 Broker: CL King Old Rating: Neutral New Rating: Buy Upgrade
16/01/2018 Broker: C.L. King Rating: Buy New Target: $90.0 Upgrade
01/11/2017 Broker: Oppenheimer Rating: Buy New Target: $77.0 Maintain
17/08/2017 Broker: Sidoti Rating: Buy New Target: $83.0 Upgrade

Edge Wealth Management Llc decreased Patrick Industries Inc (PATK) stake by 98.07% reported in 2017Q3 SEC filing. Edge Wealth Management Llc sold 6,400 shares as Patrick Industries Inc (PATK)’s stock declined 14.81%. The Edge Wealth Management Llc holds 126 shares with $11,000 value, down from 6,526 last quarter. Patrick Industries Inc now has $1.63B valuation. The stock increased 2.71% or $1.7 during the last trading session, reaching $64.45. About 332,765 shares traded or 70.75% up from the average. Patrick Industries, Inc. (NASDAQ:PATK) has risen 37.12% since February 15, 2017 and is uptrending. It has outperformed by 20.42% the S&P500.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 9 analyst reports since March 31, 2016 according to SRatingsIntel. The company was initiated on Thursday, June 16 by Sidoti. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, August 30 report. The stock of Patrick Industries, Inc. (NASDAQ:PATK) earned “Buy” rating by Bank of America on Wednesday, January 24. The rating was upgraded by CL King to “Buy” on Wednesday, August 17. Robert W. Baird maintained Patrick Industries, Inc. (NASDAQ:PATK) on Friday, December 22 with “Buy” rating. As per Tuesday, October 24, the company rating was maintained by Bank of America. On Thursday, December 14 the stock rating was maintained by Wells Fargo with “Hold”. CL King downgraded Patrick Industries, Inc. (NASDAQ:PATK) on Thursday, March 31 to “Neutral” rating.

Edge Wealth Management Llc increased Allergan Plc stake by 2,625 shares to 3,425 valued at $698,000 in 2017Q3. It also upped Shire Plc (NASDAQ:SHPG) stake by 40,382 shares and now owns 40,396 shares. General Electric Co (NYSE:GE) was raised too.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.24, from 1.27 in 2017Q2. It turned negative, as 10 investors sold PATK shares while 62 reduced holdings. 21 funds opened positions while 53 raised stakes. 14.87 million shares or 0.36% less from 14.92 million shares in 2017Q2 were reported. Paloma Prtnrs Mngmt Com holds 0% or 3,000 shares. 94 are owned by Federated Pa. 13,963 were accumulated by State Of Tennessee Treasury Department. Alps invested in 6,275 shares or 0% of the stock. Riverhead Capital Mgmt Limited Company stated it has 1,100 shares. Kennedy Capital Management Inc stated it has 70,779 shares or 0.11% of all its holdings. Wisconsin-based Mason Street Advsrs Limited Liability Company has invested 0.01% in Patrick Industries, Inc. (NASDAQ:PATK). Pinebridge Investments Ltd Partnership has 0% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 1,976 shares. 90,691 are owned by Deutsche Bancorporation Ag. Fmr Limited Liability Corp stated it has 37,850 shares or 0% of all its holdings. Rafferty Asset Ltd Liability Company holds 0.02% in Patrick Industries, Inc. (NASDAQ:PATK) or 10,376 shares. Louisiana State Employees Retirement reported 0.03% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Gendell Jeffrey L stated it has 5.87% in Patrick Industries, Inc. (NASDAQ:PATK). Venator Cap Mngmt Limited has invested 2.33% in Patrick Industries, Inc. (NASDAQ:PATK). California State Teachers Retirement reported 25,925 shares.

Since August 30, 2017, it had 0 insider purchases, and 16 selling transactions for $13.22 million activity. $770,000 worth of stock was sold by HASSLER PAUL E on Monday, September 18. Shares for $831,617 were sold by Cleveland Todd M on Wednesday, September 27. Another trade for 10,000 shares valued at $799,500 was made by NEMETH ANDY L on Friday, September 22. GENDELL JEFFREY L ET AL had sold 23,942 shares worth $1.99M on Wednesday, September 27. $37,960 worth of Patrick Industries, Inc. (NASDAQ:PATK) was sold by Boone Joshua A on Wednesday, September 6. The insider Kitson Michael A sold $172,370. On Thursday, December 14 the insider Forbes John A sold $65,800.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.28, from 1.21 in 2017Q2. It dropped, as 34 investors sold EnerSys shares while 87 reduced holdings. 34 funds opened positions while 78 raised stakes. 40.71 million shares or 0.77% less from 41.03 million shares in 2017Q2 were reported. Pennsylvania-based Nationwide Fund Advsrs has invested 0.03% in EnerSys (NYSE:ENS). Ahl Prtn Ltd Liability Partnership invested in 162,740 shares. 34 were accumulated by Mufg Americas. Moreover, Mondrian Inv Prtn Limited has 0.08% invested in EnerSys (NYSE:ENS) for 43,383 shares. The Illinois-based Oakbrook Invs Limited Company has invested 0.01% in EnerSys (NYSE:ENS). Victory Mngmt invested in 0% or 2,712 shares. 11,600 are held by Louisiana State Employees Retirement Systems. Moreover, Pacad Inv Ltd has 0.07% invested in EnerSys (NYSE:ENS) for 4,500 shares. Trexquant Lp reported 3,705 shares or 0.06% of all its holdings. Axa holds 13,400 shares. Sandy Spring Financial Bank reported 0.01% of its portfolio in EnerSys (NYSE:ENS). Eaton Vance Management has invested 0.02% in EnerSys (NYSE:ENS). Lpl Financial Lc owns 4,182 shares or 0% of their US portfolio. 113,479 were accumulated by Comerica National Bank. Moreover, Hsbc Holdings Public Limited Co has 0% invested in EnerSys (NYSE:ENS) for 3,196 shares.

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By1 Hazel Jackson

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