Los Angeles Capital Management LLC Has $1.61 Million Stake in EnerSys (NYSE:ENS)

Los Angeles Capital Management LLC cut its stake in shares of EnerSys (NYSE:ENS) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,943 shares of the industrial products company’s stock after selling 5,917 shares during the period. Los Angeles Capital Management LLC’s holdings in EnerSys were worth $1,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in EnerSys by 13.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,596 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 437 shares during the period. Bank of New York Mellon Corp raised its position in EnerSys by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 805,421 shares of the industrial products company’s stock worth $76,249,000 after acquiring an additional 14,253 shares during the period. Brown Advisory Inc. grew its position in shares of EnerSys by 9.0% during the 3rd quarter. Brown Advisory Inc. now owns 5,931 shares of the industrial products company’s stock valued at $561,000 after acquiring an additional 490 shares during the period. New York State Teachers Retirement System increased its stake in shares of EnerSys by 3.8% during the 3rd quarter. New York State Teachers Retirement System now owns 61,785 shares of the industrial products company’s stock worth $5,849,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of EnerSys by 17.1% in the 3rd quarter. Strs Ohio now owns 13,700 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 2,000 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer downgraded EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 6th.

EnerSys Stock Performance

NYSE:ENS opened at $95.12 on Wednesday. EnerSys has a 52-week low of $82.50 and a 52-week high of $113.34. The business’s fifty day moving average is $91.73 and its 200 day moving average is $92.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.67. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.79 and a beta of 1.35.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $898.79 million. During the same period in the prior year, the company posted $1.27 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts predict that EnerSys will post 8.3 EPS for the current year.

About EnerSys

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.