EnerSys (NYSE:ENS) Upgraded at StockNews.com

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

ENS has been the subject of a number of other reports. Roth Mkm restated a buy rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday. Roth Capital upgraded shares of EnerSys to a strong-buy rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys presently has an average rating of Moderate Buy and an average price target of $118.00.

EnerSys Stock Up 2.1 %

ENS stock opened at $101.56 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. The firm has a market capitalization of $4.09 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.62 and a beta of 1.24. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The company’s 50 day simple moving average is $100.10 and its 200-day simple moving average is $98.83.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.01. The company 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 company’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS. As a group, equities research analysts anticipate that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, September 16th. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. EnerSys’s dividend payout ratio (DPR) is 14.77%.

Insider Activity

In related news, 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 transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the business’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 value of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last three months. 1.61% of the stock is owned by insiders.

Institutional Trading of EnerSys

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in EnerSys in the 4th quarter worth approximately $46,747,000. American Century Companies Inc. lifted its stake in shares of EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after buying an additional 188,053 shares during the last quarter. Shellback Capital LP acquired a new stake in shares of EnerSys in the second quarter worth $14,012,000. AQR Capital Management LLC boosted its holdings in shares of EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after buying an additional 133,211 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in EnerSys in the 2nd quarter valued at $10,765,000. 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.