EnerSys (NYSE:ENS) Short Interest Down 12.6% in November

EnerSys (NYSE:ENS) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 918,100 shares, a drop of 12.6% from the November 15th total of 1,050,000 shares. Based on an average daily volume of 247,500 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.4% of the shares of the stock are sold short.

EnerSys Trading Down 1.3 %

Shares of EnerSys stock traded down $1.25 on Tuesday, reaching $91.53. The company had a trading volume of 269,601 shares, compared to its average volume of 247,919. The firm’s 50 day moving average price is $98.05 and its two-hundred day moving average price is $100.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The firm has a market cap of $3.64 billion, a PE ratio of 12.96, a PEG ratio of 0.60 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. During the same period in the prior year, the firm earned $1.84 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENS. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.61% of the company’s stock.

Institutional Trading of EnerSys

Several hedge funds have recently made changes to their positions in ENS. Assenagon Asset Management S.A. increased its stake in shares of EnerSys by 354.4% during the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after buying an additional 50,958 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in EnerSys by 32.8% during the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock worth $2,792,000 after purchasing an additional 6,764 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of EnerSys in the 3rd quarter valued at $4,740,000. Citigroup Inc. grew its position in shares of EnerSys by 99.2% in the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after buying an additional 24,123 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in EnerSys in the second quarter valued at $10,765,000. Institutional investors and hedge funds 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.