EnerSys (NYSE:ENS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of EnerSys (NYSE:ENS) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $118.00.

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd.

EnerSys Stock Performance

EnerSys stock opened at $99.15 on Thursday. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.99 billion, a PE ratio of 15.25, a P/E/G ratio of 0.64 and a beta of 1.23. The firm has a fifty day simple moving average of $99.53 and a two-hundred day simple moving average of $100.09. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping 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 business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Research analysts expect that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. This is a boost from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is currently 14.77%.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last 90 days. 1.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On EnerSys

Several hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys in the second quarter worth approximately $25,000. Covestor Ltd lifted its stake in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. UMB Bank n.a. lifted 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 buying an additional 94 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of EnerSys in the second quarter worth approximately $41,000. Institutional investors own 94.93% of the company’s stock.

About EnerSys

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.