Schonfeld Strategic Advisors LLC Reduces Holdings in EnerSys (NYSE:ENS)

Schonfeld Strategic Advisors LLC decreased its position in shares of EnerSys (NYSE:ENS - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,415 shares of the industrial products company's stock after selling 4,305 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in EnerSys were worth $316,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ENS. Norges Bank purchased a new position in shares of EnerSys during the fourth quarter worth about $49,222,000. Boston Partners grew its holdings in shares of EnerSys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after purchasing an additional 270,726 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of EnerSys by 113.0% during the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after purchasing an additional 158,617 shares during the last quarter. Lightrock Netherlands B.V. purchased a new position in shares of EnerSys during the fourth quarter worth about $11,969,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of EnerSys during the fourth quarter worth about $11,713,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Price Performance

Shares of ENS opened at $98.64 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The company 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. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The firm has a 50-day simple moving average of $89.80 and a 200-day simple moving average of $94.30.

Wall Street Analysts Forecast Growth

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

About EnerSys

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.

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