First Horizon Advisors Inc. Reduces Position in EnerSys (NYSE:ENS)

First Horizon Advisors Inc. reduced its stake in EnerSys (NYSE:ENSGet Rating) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508 shares of the industrial products company’s stock after selling 187 shares during the quarter. First Horizon Advisors Inc.’s holdings in EnerSys were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in EnerSys by 150.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 479 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. Ellevest Inc. purchased a new stake in shares of EnerSys during the fourth quarter worth about $67,000. Dark Forest Capital Management LP acquired a new position in shares of EnerSys in the third quarter valued at approximately $92,000. Heritage Wealth Management LLC lifted its stake in shares of EnerSys by 46.6% during the third quarter. Heritage Wealth Management LLC now owns 1,297 shares of the industrial products company’s stock valued at $97,000 after buying an additional 412 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in EnerSys by 11.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,609 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 169 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

ENS has been the topic of a number of recent analyst reports. StockNews.com started coverage on EnerSys in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating and set a $74.00 target price on the stock. in a research report on Monday, February 14th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $96.33.

Shares of ENS opened at $62.18 on Friday. EnerSys has a fifty-two week low of $59.92 and a fifty-two week high of $100.23. The company’s fifty day moving average is $70.62 and its two-hundred day moving average is $74.57. The firm has a market cap of $2.56 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The company has a quick ratio of 1.88, a current ratio of 2.96 and a debt-to-equity ratio of 0.79.

EnerSys (NYSE:ENSGet Rating) last issued its earnings results on Wednesday, February 9th. The industrial products company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. EnerSys had a return on equity of 12.75% and a net margin of 4.58%. The business had revenue of $844.00 million for the quarter, compared to analyst estimates of $813.60 million. During the same period last year, the company posted $1.27 EPS. As a group, equities research analysts anticipate that EnerSys will post 4.41 earnings per share for the current year.

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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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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