Cresset Asset Management LLC Lowers Stake in EnerSys (NYSE:ENS)

Cresset Asset Management LLC reduced its holdings in shares of EnerSys (NYSE:ENS) by 12.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,858 shares of the industrial products company’s stock after selling 532 shares during the period. Cresset Asset Management LLC’s holdings in EnerSys were worth $357,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of EnerSys in the 4th quarter worth $49,222,000. Boston Partners lifted its stake in shares of EnerSys by 47.1% in the 4th 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 during the period. JPMorgan Chase & Co. lifted its stake in shares of EnerSys by 113.0% in the 4th 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 during the period. Lightrock Netherlands B.V. acquired a new stake in shares of EnerSys in the 4th quarter worth $11,969,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of EnerSys in the 4th quarter worth $11,713,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Down 0.1%

Shares of NYSE ENS opened at $99.56 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 52 week low of $76.57 and a 52 week high of $112.53. The firm has a 50-day moving average price of $89.76 and a 200 day moving average price of $94.38. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ENS. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Wednesday. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Friday, January 17th. 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 stock. According to MarketBeat.com, EnerSys presently has an average rating of “Buy” and an average price target of $117.50.

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.