Shares of Enersys (NYSE:ENS) have been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $85.00.
ENS has been the topic of several recent research reports. Zacks Investment Research cut Enersys from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Enersys in a research report on Thursday, May 4th. ValuEngine upgraded Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Enersys from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
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In related news, insider Holger P. Aschke sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total value of $243,000.00. Following the transaction, the insider now owns 28,928 shares in the company, valued at $2,343,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kerry M. Kane sold 4,413 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the transaction, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. Insiders sold 7,676 shares of company stock worth $627,462 in the last 90 days. 1.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Enersys by 17,956.9% in the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock valued at $350,852,000 after buying an additional 4,419,908 shares during the period. Vanguard Group Inc. raised its stake in Enersys by 9.4% in the first quarter. Vanguard Group Inc. now owns 3,710,902 shares of the industrial products company’s stock valued at $292,939,000 after buying an additional 318,032 shares during the period. Boston Partners raised its stake in Enersys by 47.8% in the second quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after buying an additional 866,056 shares during the period. State Street Corp raised its stake in Enersys by 3.5% in the first quarter. State Street Corp now owns 1,432,212 shares of the industrial products company’s stock valued at $113,059,000 after buying an additional 48,515 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Enersys by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 927,653 shares of the industrial products company’s stock valued at $73,229,000 after buying an additional 21,932 shares during the period. 95.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Enersys (NYSE ENS) traded up 0.16% during midday trading on Wednesday, reaching $72.89. 242,950 shares of the company’s stock traded hands. Enersys has a 52-week low of $62.86 and a 52-week high of $84.74. The stock has a 50 day moving average of $73.16 and a 200-day moving average of $77.37. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 20.02 and a beta of 1.65.
Enersys (NYSE:ENS) last posted its quarterly earnings data on Tuesday, May 30th. The industrial products company reported $1.28 earnings per share for the quarter, hitting the consensus estimate of $1.28. Enersys had a return on equity of 19.57% and a net margin of 6.77%. On average, equities research analysts expect that Enersys will post $4.96 EPS for the current year.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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