First Trust Advisors LP Decreases Position in EnerSys (NYSE:ENS)

First Trust Advisors LP trimmed its stake in EnerSys (NYSE:ENS – Get Rating) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,539 shares of the industrial products company’s stock after selling 21,337 shares during the period. First Trust Advisors LP owned approximately 0.68% of EnerSys worth $20,643,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its stake in EnerSys by 1.1% in the fourth quarter. Retirement Systems of Alabama now owns 53,815 shares of the industrial products company’s stock valued at $3,974,000 after buying an additional 585 shares during the last quarter. Dakota Wealth Management acquired a new position in EnerSys in the 4th quarter valued at about $201,000. Victory Capital Management Inc. raised its stake in EnerSys by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 10,476 shares of the industrial products company’s stock valued at $609,000 after acquiring an additional 847 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of EnerSys during the fourth quarter worth approximately $215,000. Finally, Ceredex Value Advisors LLC grew its position in EnerSys by 85.0% in the 4th quarter. Ceredex Value Advisors LLC now owns 235,846 shares of the industrial products company’s stock valued at $17,415,000 after buying an additional 108,385 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on EnerSys in a report on Thursday. They issued a “strong-buy” rating for the company.

EnerSys Stock Performance

Shares of ENS stock opened at $85.80 on Monday. The stock has a fifty day moving average price of $82.82 and a 200 day moving average price of $80.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The stock has a market cap of $3.50 billion, a PE ratio of 25.69, a P/E/G ratio of 1.00 and a beta of 1.36. EnerSys has a 1 year low of $55.60 and a 1 year high of $94.32.

About EnerSys

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.