The Manufacturers Life Insurance Company Trims Holdings in EnerSys (NYSE:ENS)

The Manufacturers Life Insurance Company lowered its holdings in EnerSys (NYSE:ENS) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,232 shares of the industrial products company’s stock after selling 1,241 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of EnerSys worth $4,273,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ENS. Barclays PLC lifted its stake in EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after acquiring an additional 85,742 shares during the period. Franklin Resources Inc. raised its holdings in EnerSys by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock worth $3,964,000 after purchasing an additional 4,657 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of EnerSys by 3.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,044 shares of the industrial products company’s stock worth $1,025,000 after purchasing an additional 302 shares during the period. Moody National Bank Trust Division boosted its stake in shares of EnerSys by 12.3% during the 4th quarter. Moody National Bank Trust Division now owns 12,024 shares of the industrial products company’s stock valued at $1,111,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its position in shares of EnerSys by 2.6% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after buying an additional 169 shares during the period. 94.93% of the stock is currently owned by institutional investors.

EnerSys Stock Performance

Shares of ENS stock opened at $92.82 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $89.94 and its 200-day moving average price is $94.41. The stock has a market cap of $3.66 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. EnerSys has a 12 month low of $76.57 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, equities analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

EnerSys Company 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.