Short Interest in EnerSys (NYSE:ENS) Decreases By 17.1%

EnerSys (NYSE:ENS) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 668,800 shares, a decrease of 17.1% from the February 28th total of 806,600 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 340,000 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On EnerSys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENS. Citigroup Inc. grew its holdings in shares of EnerSys by 99.2% in the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after acquiring an additional 24,123 shares in the last quarter. FMR LLC increased its position in shares of EnerSys by 41.6% during the 3rd quarter. FMR LLC now owns 137,003 shares of the industrial products company’s stock worth $13,981,000 after purchasing an additional 40,220 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of EnerSys by 38.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 43,519 shares of the industrial products company’s stock worth $4,441,000 after purchasing an additional 12,145 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of EnerSys by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company’s stock valued at $412,000 after buying an additional 227 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of EnerSys in the third quarter valued at $2,945,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, EnerSys presently has a consensus rating of “Buy” and a consensus price target of $117.50.

EnerSys Stock Down 9.5 %

ENS traded down $8.87 during trading on Thursday, reaching $84.14. The company had a trading volume of 252,709 shares, compared to its average volume of 277,872. The business’s fifty day moving average price is $98.21 and its 200 day moving average price is $97.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. EnerSys has a 12 month low of $83.71 and a 12 month high of $112.53. The company has a market cap of $3.32 billion, a P/E ratio of 10.42, a PEG ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Equities analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, March 14th. EnerSys’s dividend payout ratio is presently 11.88%.

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.