EnerSys (NYSE:ENS) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of EnerSys (NYSE:ENS) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.

A number of other research firms have also commented on ENS. Roth Mkm reiterated a buy rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital raised shares of EnerSys to a strong-buy rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $118.00.

EnerSys Stock Performance

NYSE:ENS opened at $100.43 on Thursday. The stock’s 50-day moving average is $99.12 and its 200-day moving average is $99.25. The stock has a market cap of $4.04 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. EnerSys’s payout ratio is currently 14.77%.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last 90 days. Company insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of EnerSys by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 126 shares in the last quarter. Aurora Investment Counsel raised its holdings in shares of EnerSys by 0.7% in the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 139 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock valued at $4,794,000 after purchasing an additional 154 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in EnerSys by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 167 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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.