Axa S.A. Takes Position in EnerSys (NYSE:ENS)

Axa S.A. bought a new position in shares of EnerSys (NYSE:ENS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,314 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in EnerSys during the fourth quarter worth approximately $49,222,000. Boston Partners raised its stake in EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company’s stock worth $78,801,000 after acquiring an additional 270,726 shares in the last quarter. JPMorgan Chase & Co. lifted its position in EnerSys by 113.0% in the fourth 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 EnerSys in the fourth quarter valued at $11,969,000. Finally, Wealthfront Advisers LLC purchased a new position 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.

Analysts Set New Price Targets

Separately, Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $117.50.

EnerSys Trading Up 0.4 %

Shares of EnerSys stock opened at $93.10 on Friday. 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 $3.67 billion, a P/E ratio of 11.52, a PEG ratio of 0.57 and a beta of 1.13. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The company’s fifty day moving average is $89.83 and its two-hundred day moving average is $94.34.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

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.