Bank of America Corp DE Trims Holdings in EnerSys (NYSE:ENS)

Bank of America Corp DE lessened its position in EnerSys (NYSE:ENS - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 526,041 shares of the industrial products company's stock after selling 82,857 shares during the quarter. Bank of America Corp DE owned 1.33% of EnerSys worth $48,622,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ENS. Norges Bank purchased a new position in shares of EnerSys in the 4th quarter worth approximately $49,222,000. Boston Partners boosted its holdings 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 valued at $78,801,000 after acquiring an additional 270,726 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $27,636,000 after acquiring an additional 158,617 shares during the last quarter. Lightrock Netherlands B.V. acquired a new position in shares of EnerSys in the 4th quarter valued at $11,969,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of EnerSys in the 4th quarter valued at $11,713,000. Institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, EnerSys currently has an average rating of "Buy" and a consensus target price of $117.50.

EnerSys Stock Performance

NYSE:ENS traded down $0.08 during midday trading on Tuesday, reaching $98.26. The stock had a trading volume of 7,932 shares, compared to its average volume of 285,161. The firm has a fifty day simple moving average of $89.84 and a two-hundred day simple moving average of $94.34. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53. 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 stock has a market cap of $3.87 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.57 and a beta of 1.13.

EnerSys Company 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.