EnerSys (NYSE:ENS) Short Interest Up 14.7% in October

EnerSys (NYSE:ENS) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,090,000 shares, an increase of 14.7% from the September 30th total of 950,100 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 245,700 shares, the short-interest ratio is currently 4.4 days.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now directly owns 226,540 shares of the company’s stock, valued at $22,672,123.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad C. Uplinger sold 500 shares of the business’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 directly owns 17,175 shares in the company, valued at $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

Institutional Investors Weigh In On EnerSys

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in shares of EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in EnerSys by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 126 shares during the period. Aurora Investment Counsel grew its stake in EnerSys by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after buying an additional 139 shares during the last quarter. Retirement Systems of Alabama increased its position in EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock worth $4,794,000 after buying an additional 154 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its stake in EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock valued at $744,000 after buying an additional 167 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Down 0.9 %

Shares of NYSE:ENS traded down $0.85 during trading on Thursday, reaching $97.20. 21,638 shares of the stock were exchanged, compared to its average volume of 240,913. EnerSys has a 12-month low of $83.27 and a 12-month high of $112.53. The firm’s 50-day moving average price is $99.94 and its 200 day moving average price is $100.36. 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 has a market cap of $3.91 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter last year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EnerSys will post 8.93 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio (DPR) is 14.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.