StockNews.com Lowers EnerSys (NYSE:ENS) to Buy

StockNews.com downgraded shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a research note released on Friday.

A number of other analysts also recently weighed in on ENS. BTIG Research downgraded shares of EnerSys from a buy rating to a neutral rating in a research report on Friday, May 24th. Roth Capital raised shares of EnerSys to a strong-buy rating in a report on Tuesday, August 27th. Finally, Roth Mkm initiated coverage on EnerSys in a research note on Tuesday, August 27th. They set a buy rating and a $120.00 price objective on the stock. Three equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $118.00.

EnerSys Price Performance

Shares of ENS stock opened at $101.33 on Friday. The firm’s 50 day moving average price is $101.69 and its two-hundred day moving average price is $97.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The stock has a market cap of $4.08 billion, a PE ratio of 15.59, a PEG ratio of 0.63 and a beta of 1.28.

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

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio is 13.85%.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the transaction, the chief executive officer now directly owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,700 shares of company stock worth $2,271,843. Corporate insiders own 1.61% of the company’s stock.

Institutional Trading of EnerSys

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in EnerSys by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after acquiring an additional 60,021 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of EnerSys by 83.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 17,384 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 7,899 shares during the period. Quantbot Technologies LP grew its stake in EnerSys by 867.8% in the 1st quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 11,576 shares during the last quarter. Seven Eight Capital LP bought a new position in EnerSys in the 4th quarter valued at about $893,000. Finally, Corient Private Wealth LLC lifted its position in EnerSys by 13.0% during the fourth quarter. Corient Private Wealth LLC now owns 156,368 shares of the industrial products company’s stock worth $15,787,000 after acquiring an additional 18,043 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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.