Enersys (NYSE:ENS) Issues Earnings Results

Enersys (NYSE:ENS) issued its quarterly earnings data on Wednesday. The industrial products company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.04, FiscalAI reports. Enersys had a net margin of 9.05% and a return on equity of 22.48%.

Enersys Trading Down 2.6%

ENS traded down $4.99 during mid-day trading on Wednesday, hitting $184.94. The stock had a trading volume of 933,751 shares, compared to its average volume of 447,706. Enersys has a 1-year low of $76.57 and a 1-year high of $194.77. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 1.73. The stock’s fifty day simple moving average is $157.13 and its 200-day simple moving average is $127.65.

Insider Activity at Enersys

In related news, insider Chad C. Uplinger sold 6,702 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $151.46, for a total transaction of $1,015,084.92. Following the sale, the insider owned 23,713 shares of the company’s stock, valued at approximately $3,591,570.98. This trade represents a 22.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enersys

Several large investors have recently modified their holdings of ENS. Allworth Financial LP raised its position in shares of Enersys by 442.2% during the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 199 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Enersys by 626.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock worth $47,000 after buying an additional 476 shares during the period. Osaic Holdings Inc. lifted its stake in Enersys by 211.7% in the second quarter. Osaic Holdings Inc. now owns 1,487 shares of the industrial products company’s stock valued at $129,000 after buying an additional 1,010 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Enersys in the first quarter valued at approximately $240,000. Finally, Merit Financial Group LLC increased its position in shares of Enersys by 3.8% during the third quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 97 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ENS. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “buy” rating in a research report on Saturday. BTIG Research upgraded Enersys from a “neutral” rating to a “buy” rating in a report on Monday, December 15th. Roth Mkm reissued a “buy” rating on shares of Enersys in a report on Tuesday. Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.00.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.