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

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

Several other analysts also recently commented on ENS. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys has an average rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Stock Performance

ENS stock opened at $102.25 on Tuesday. The business’s fifty day moving average is $99.37 and its 200-day moving average is $99.85. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.11 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings data 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 business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. Equities research analysts forecast that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued 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 dividend yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

Insider Activity

In other news, CEO David M. Shaffer sold 2,400 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 value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. 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 is accessible through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated 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 of the company’s stock, valued at $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $2,271,843 in the last quarter. Corporate insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of EnerSys by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after acquiring an additional 60,021 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of EnerSys by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after acquiring an additional 14,531 shares during the period. Earnest Partners LLC boosted its holdings in shares of EnerSys by 1.9% during the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after acquiring an additional 21,903 shares during the period. AQR Capital Management LLC boosted its holdings in shares of EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after acquiring an additional 133,211 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of EnerSys by 3.8% during the first quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after acquiring an additional 32,730 shares during the period. Institutional investors own 94.93% of the company’s stock.

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.