MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Stock Position in EnerSys (NYSE:ENS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in EnerSys (NYSE:ENS) by 8.0% during the 4th quarter, Holdings Channel reports. The firm owned 540,021 shares of the industrial products company’s stock after selling 47,001 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in EnerSys were worth $49,957,000 at the end of the most recent reporting period.

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

EnerSys Stock Performance

NYSE:ENS opened at $100.46 on Wednesday. EnerSys has a 1-year low of $76.57 and a 1-year high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $89.80 and a 200-day simple moving average of $94.35. The firm has a market cap of $3.96 billion, a PE ratio of 12.43, a P/E/G ratio of 0.57 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Separately, 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 analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys has a consensus 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.