EnerSys (NYSE:ENS) Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a report published on Thursday morning.

Separately, BTIG Research cut EnerSys from a buy rating to a neutral rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $126.50.

EnerSys Price Performance

Shares of NYSE ENS opened at $103.52 on Thursday. The company has a 50 day moving average of $100.57 and a 200 day moving average of $96.62. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. EnerSys has a twelve month low of $83.27 and a twelve month high of $113.34. The firm has a market cap of $4.16 billion, a P/E ratio of 15.93, a PEG ratio of 0.66 and a beta of 1.33.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The firm had revenue of $910.70 million during the quarter, compared to analyst estimates of $893.64 million. During the same period in the previous year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, research analysts expect that EnerSys will post 8.74 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a yield of 0.87%. EnerSys’s dividend payout ratio is currently 13.85%.

Institutional Investors Weigh In On EnerSys

A number of hedge funds have recently made changes to their positions in the company. Silver Lake Advisory LLC boosted its stake in EnerSys by 0.5% during the fourth quarter. Silver Lake Advisory LLC now owns 27,261 shares of the industrial products company’s stock worth $2,752,000 after buying an additional 126 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position 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 purchasing an additional 126 shares during the period. Retirement Systems of Alabama boosted its position in EnerSys by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock valued at $4,794,000 after acquiring an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EnerSys by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,431 shares of the industrial products company’s stock valued at $952,000 after purchasing an additional 167 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of EnerSys by 3.2% in the 1st quarter. Pitcairn Co. now owns 7,733 shares of the industrial products company’s stock valued at $730,000 after buying an additional 243 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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.