EnerSys (NYSE:ENS) Shares Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc boosted its position in shares of EnerSys (NYSE:ENS - Free Report) by 33.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,000 shares of the industrial products company's stock after acquiring an additional 11,800 shares during the quarter. Polar Capital Holdings Plc owned 0.12% of EnerSys worth $4,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENS. Norges Bank acquired a new stake in EnerSys in the 4th quarter valued at about $49,222,000. Millennium Management LLC raised its position in EnerSys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after purchasing an additional 404,204 shares in the last quarter. Boston Partners raised its position in 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 purchasing an additional 270,726 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 158,617 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in EnerSys in the 4th quarter valued at about $11,969,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Down 1.1%

Shares of NYSE ENS traded down $1.05 during midday trading on Wednesday, hitting $97.09. 98,110 shares of the company's stock were exchanged, compared to its average volume of 285,927. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The company has a market cap of $3.83 billion, a PE ratio of 12.01, a P/E/G ratio of 0.57 and a beta of 1.13. The firm's fifty day simple moving average is $89.92 and its 200-day simple moving average is $94.36.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a "buy" rating and issued a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $117.50.

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.