AQR Capital Management LLC Sells 196,817 Shares of EnerSys (NYSE:ENS)

AQR Capital Management LLC reduced its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 572,676 shares of the industrial products company's stock after selling 196,817 shares during the quarter. AQR Capital Management LLC owned 1.45% of EnerSys worth $52,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ENS. Norges Bank purchased a new position in shares of EnerSys during the 4th quarter worth $49,222,000. Boston Partners raised its stake in shares of 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 buying an additional 270,726 shares during the period. JPMorgan Chase & Co. lifted its position in shares of EnerSys by 113.0% during the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after buying an additional 158,617 shares in the last quarter. Lightrock Netherlands B.V. bought a new position in shares of EnerSys during the 4th quarter valued at approximately $11,969,000. Finally, Wealthfront Advisers LLC purchased a new stake in EnerSys in the 4th quarter worth approximately $11,713,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $117.50.

EnerSys Price Performance

ENS traded up $0.66 during trading on Wednesday, hitting $90.30. 22,934 shares of the company traded hands, compared to its average volume of 284,400. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock's 50-day simple moving average is $90.28 and its two-hundred day simple moving average is $94.49. The company has a market cap of $3.56 billion, a PE ratio of 11.17, a P/E/G ratio of 0.57 and a beta of 1.13.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, sell-side analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

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.