Assenagon Asset Management S.A. Reduces Stake in EnerSys (NYSE:ENS)

Assenagon Asset Management S.A. reduced its stake in shares of EnerSys (NYSE:ENS - Free Report) by 76.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,378 shares of the industrial products company's stock after selling 46,285 shares during the quarter. Assenagon Asset Management S.A.'s holdings in EnerSys were worth $1,358,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ENS. Silver Lake Advisory LLC raised its stake in shares of EnerSys by 0.5% in the fourth quarter. Silver Lake Advisory LLC now owns 27,261 shares of the industrial products company's stock valued at $2,752,000 after acquiring an additional 126 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in EnerSys by 5.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,604 shares of the industrial products company's stock valued at $247,000 after acquiring an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in EnerSys by 1.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,431 shares of the industrial products company's stock valued at $952,000 after acquiring an additional 167 shares during the last quarter. Arizona State Retirement System lifted its position in shares of EnerSys by 1.6% during the third quarter. Arizona State Retirement System now owns 11,662 shares of the industrial products company's stock worth $1,104,000 after purchasing an additional 188 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of EnerSys by 189.6% during the third quarter. Huntington National Bank now owns 362 shares of the industrial products company's stock worth $34,000 after purchasing an additional 237 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 6th. Oppenheimer cut EnerSys from an "outperform" rating to a "market perform" rating in a research note on Friday, February 9th.

EnerSys Stock Performance

NYSE:ENS traded up $0.77 during mid-day trading on Monday, hitting $97.14. The company's stock had a trading volume of 124,229 shares, compared to its average volume of 221,831. The business's fifty day moving average is $92.64 and its two-hundred day moving average is $93.41. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.67 and a quick ratio of 1.53. EnerSys has a 1 year low of $83.24 and a 1 year high of $113.34.

EnerSys Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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