Ameriprise Financial Inc. Decreases Stock Holdings in EnerSys (NYSE:ENS)

Ameriprise Financial Inc. reduced its stake in shares of EnerSys (NYSE:ENS) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,973 shares of the industrial products company’s stock after selling 2,775 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.24% of EnerSys worth $8,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in EnerSys in the fourth quarter worth about $49,222,000. Boston Partners boosted its holdings in EnerSys by 47.1% in the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company’s stock worth $78,801,000 after acquiring an additional 270,726 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in EnerSys by 113.0% in the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company’s stock worth $27,636,000 after acquiring an additional 158,617 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in EnerSys in the fourth quarter worth about $11,969,000. Finally, Wealthfront Advisers LLC acquired a new stake in EnerSys in the fourth quarter worth about $11,713,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Trading Down 0.4%

Shares of NYSE:ENS opened at $97.95 on Wednesday. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.57 and a beta of 1.13. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $89.92 and a 200-day moving average price of $94.36.

About EnerSys

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.