EnerSys (NYSE:ENS) Sees Large Increase in Short Interest

EnerSys (NYSE:ENS) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,090,000 shares, a growth of 14.7% from the September 30th total of 950,100 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 245,700 shares, the days-to-cover ratio is currently 4.4 days.

EnerSys Trading Down 0.9 %

NYSE:ENS traded down $0.85 on Thursday, reaching $97.20. The company’s stock had a trading volume of 21,638 shares, compared to its average volume of 240,913. The firm has a market cap of $3.91 billion, a PE ratio of 15.08, a PEG ratio of 0.62 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The business’s 50-day moving average price is $99.94 and its two-hundred day moving average price is $100.36. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. Equities research analysts anticipate that EnerSys will post 8.93 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.24 dividend. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 0.99%. EnerSys’s payout ratio is presently 14.77%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Insider Buying and Selling at EnerSys

In related news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is owned by insiders.

Institutional Investors Weigh In On EnerSys

A number of large investors have recently added to or reduced their stakes in ENS. Vanguard Group Inc. increased its holdings in EnerSys by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after buying an additional 60,021 shares during the period. Quantbot Technologies LP raised its position in EnerSys by 867.8% during the first quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of EnerSys by 2,444.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after buying an additional 45,881 shares during the period. Assenagon Asset Management S.A. boosted its position in EnerSys by 354.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after buying an additional 50,958 shares during the period. Finally, Chesapeake Capital Corp IL bought a new stake in EnerSys during the 1st quarter worth approximately $494,000. Institutional investors own 94.93% of the company’s stock.

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.