EnerSys (NYSE:ENS) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its position in EnerSys (NYSE:ENS - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,537 shares of the industrial products company's stock after selling 3,792 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.78% of EnerSys worth $28,518,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ENS. Quarry LP boosted its position in shares of EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after buying an additional 204 shares during the period. Headlands Technologies LLC boosted its position in shares of EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after buying an additional 403 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of EnerSys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after buying an additional 100 shares during the period. R Squared Ltd bought a new position in shares of EnerSys in the fourth quarter worth $47,000. Finally, Covestor Ltd grew its stake in shares of EnerSys by 32.4% in the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock worth $71,000 after purchasing an additional 189 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a research note on Friday, January 17th. One equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $117.50.

EnerSys Price Performance

ENS traded up $5.53 during trading on Monday, reaching $98.64. The stock had a trading volume of 194,002 shares, compared to its average volume of 284,992. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth 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. EnerSys has a 1-year low of $76.57 and a 1-year high of $112.53. The stock has a 50 day moving average of $89.83 and a two-hundred day moving average of $94.31.

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.