Short Interest in EnerSys (NYSE:ENS) Declines 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. Based on an average daily volume of 340,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Trading of EnerSys

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in EnerSys by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company’s stock worth $431,376,000 after purchasing an additional 90,670 shares during the period. Dimensional Fund Advisors LP lifted its position in EnerSys by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company’s stock valued at $136,583,000 after acquiring an additional 13,104 shares during the period. State Street Corp grew its stake in shares of EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock worth $150,502,000 after buying an additional 13,524 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of EnerSys by 1.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company’s stock valued at $122,262,000 after acquiring an additional 13,786 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in EnerSys by 13.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company’s stock worth $95,021,000 after buying an additional 121,758 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

EnerSys Price Performance

NYSE ENS traded up $0.53 during midday trading on Wednesday, hitting $93.01. The company had a trading volume of 277,949 shares, compared to its average volume of 277,914. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. EnerSys has a twelve month low of $88.50 and a twelve month high of $112.53. The company has a market capitalization of $3.67 billion, a PE ratio of 11.51, a P/E/G ratio of 0.57 and a beta of 1.18. The firm has a 50-day moving average price of $98.21 and a 200-day moving average price of $97.56.

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

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio (DPR) is 11.88%.

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.