EnerSys (NYSE:ENS) Rating Increased to Outperform at Oppenheimer

EnerSys (NYSE:ENS) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday,Finviz reports. The brokerage currently has a $115.00 price target on the industrial products company’s stock. Oppenheimer’s price objective points to a potential upside of 21.87% from the company’s previous close.

Other analysts have also recently issued reports about the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $117.50.

EnerSys Stock Up 0.6 %

Shares of NYSE ENS opened at $94.37 on Friday. The business has a 50-day moving average of $94.58 and a two-hundred day moving average of $98.54. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same quarter in the prior year, the firm earned $1.84 EPS. EnerSys’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts forecast that EnerSys will post 9.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.61% of the company’s stock.

Institutional Investors Weigh In On EnerSys

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in EnerSys by 98.0% during the second quarter. Renaissance Technologies LLC now owns 110,300 shares of the industrial products company’s stock worth $11,418,000 after purchasing an additional 54,600 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of EnerSys by 11.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock worth $603,000 after buying an additional 594 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in EnerSys by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 520 shares during the last quarter. Seven Eight Capital LP increased its holdings in EnerSys by 32.9% during the 2nd quarter. Seven Eight Capital LP now owns 11,284 shares of the industrial products company’s stock valued at $1,168,000 after acquiring an additional 2,795 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in EnerSys by 16.9% during the 2nd quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 452 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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.