EnerSys (NYSE:ENS) Position Trimmed by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in shares of EnerSys (NYSE:ENS) by 32.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 87,667 shares of the industrial products company’s stock after selling 41,614 shares during the quarter. Lazard Asset Management LLC’s holdings in EnerSys were worth $8,102,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ENS. Quarry LP boosted its holdings in 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 in the last quarter. Headlands Technologies LLC boosted its holdings in 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 in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of EnerSys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. R Squared Ltd purchased a new stake in shares of EnerSys in the 4th quarter valued at approximately $47,000. Finally, Covestor Ltd lifted its position in shares of EnerSys by 32.4% in the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 189 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

EnerSys Stock Down 0.7%

Shares of NYSE:ENS opened at $99.71 on Thursday. 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 cap of $3.93 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. EnerSys has a 52 week low of $76.57 and a 52 week high of $112.53. The firm has a 50 day simple moving average of $89.77 and a 200 day simple moving average of $94.38.

Analyst Ratings Changes

Several brokerages recently commented on ENS. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Wednesday. One 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 company’s stock. According to data from MarketBeat, the company presently 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.