EnerSys (NYSE:ENS) Upgraded at TheStreet

EnerSys (NYSE:ENSGet Rating) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.

ENS has been the topic of a number of other reports. StockNews.com began coverage on EnerSys in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. BTIG Research raised their price target on EnerSys to $85.00 in a research note on Wednesday, November 16th. Finally, William Blair restated an “outperform” rating on shares of EnerSys in a research note on Monday, August 15th.

EnerSys Stock Performance

ENS stock opened at $75.68 on Tuesday. The company has a market cap of $3.09 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. EnerSys has a 1 year low of $55.60 and a 1 year high of $83.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.92 and a quick ratio of 1.71. The stock’s fifty day moving average price is $65.17 and its 200-day moving average price is $64.37.

Hedge Funds Weigh In On EnerSys

Several institutional investors and hedge funds have recently bought and sold shares of ENS. Versor Investments LP purchased a new position in EnerSys during the first quarter valued at $300,000. Envestnet Asset Management Inc. lifted its position in shares of EnerSys by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 79,037 shares of the industrial products company’s stock valued at $5,894,000 after acquiring an additional 8,303 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of EnerSys by 10.6% in the first quarter. Advisor Group Holdings Inc. now owns 10,556 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 1,012 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of EnerSys by 0.3% in the first quarter. California Public Employees Retirement System now owns 96,281 shares of the industrial products company’s stock valued at $7,180,000 after acquiring an additional 313 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of EnerSys by 3,112.6% in the first quarter. Russell Investments Group Ltd. now owns 75,176 shares of the industrial products company’s stock valued at $5,603,000 after acquiring an additional 72,836 shares in the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

About EnerSys

(Get Rating)

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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