Polar Capital Holdings Plc Buys 11,800 Shares of EnerSys (NYSE:ENS)

Polar Capital Holdings Plc raised its stake in shares of EnerSys (NYSE:ENS) by 33.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,000 shares of the industrial products company’s stock after acquiring an additional 11,800 shares during the period. Polar Capital Holdings Plc’s holdings in EnerSys were worth $4,344,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP lifted its stake in EnerSys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 204 shares in the last quarter. Headlands Technologies LLC increased its position in shares of EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 403 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of EnerSys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in shares of EnerSys during the 4th quarter valued at $47,000. Finally, Covestor Ltd increased its position in shares of EnerSys by 32.4% during the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 189 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ENS. Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Wednesday. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Trading Down 0.1%

Shares of ENS opened at $99.56 on Friday. The business has a 50-day moving average of $89.76 and a 200 day moving average of $94.38. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The firm has a market cap of $3.93 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06.

EnerSys 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.