EnerSys (NYSE:ENS) Given Average Recommendation of “Moderate Buy” by Brokerages

EnerSys (NYSE:ENS) has earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $118.00.

Several equities research analysts have commented on the stock. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th.

Insider Transactions at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares of the company’s stock, valued at $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last quarter. Insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENS. American Century Companies Inc. boosted its holdings in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the period. Shellback Capital LP bought a new position in EnerSys in the 2nd quarter valued at $14,012,000. AQR Capital Management LLC lifted its holdings in shares of EnerSys by 17.2% during the 2nd 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 last quarter. Great Lakes Advisors LLC bought a new stake in shares of EnerSys during the 2nd quarter worth $10,765,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after acquiring an additional 92,398 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Price Performance

Shares of NYSE ENS opened at $99.15 on Thursday. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm’s 50-day simple moving average is $99.53 and its 200 day simple moving average is $100.09.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analysts’ expectations of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. As a group, research analysts anticipate that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

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.