EnerSys (NYSE:ENS) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in shares of EnerSys (NYSE:ENS) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,858 shares of the industrial products company’s stock after selling 532 shares during the quarter. Cresset Asset Management LLC’s holdings in EnerSys were worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP raised its position in EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 204 shares during the last quarter. Headlands Technologies LLC raised its position in EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 403 shares during the last quarter. Canada Pension Plan Investment Board raised its position in EnerSys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 100 shares during the last quarter. R Squared Ltd acquired a new position in EnerSys during the fourth quarter worth about $47,000. Finally, Covestor Ltd raised its position in EnerSys by 32.4% during the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENS. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Wednesday. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $117.50.

EnerSys Stock Performance

NYSE:ENS opened at $99.56 on Friday. EnerSys has a 1-year low of $76.57 and a 1-year high of $112.53. The firm has a 50 day simple moving average of $89.76 and a 200-day simple moving average of $94.38. The firm has a market cap of $3.93 billion, a PE ratio of 12.32, a P/E/G ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.