Research Analysts’ Weekly Ratings Updates for EnerSys (ENS)

EnerSys (NYSE: ENS) recently received a number of ratings updates from brokerages and research firms:

• 8/30/2024 – EnerSys was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 8/27/2024 – EnerSys was upgraded by analysts at Roth Capital to a “strong-buy” rating.
• 8/27/2024 – EnerSys is now covered by analysts at Roth Mkm. They set a “buy” rating and a $120.00 price target on the stock.
• 8/22/2024 – EnerSys was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 7/26/2024 – EnerSys was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 7/9/2024 – EnerSys was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

EnerSys Stock Performance

NYSE ENS traded down $0.25 during trading hours on Friday, hitting $98.01. The company had a trading volume of 3,088 shares, compared to its average volume of 245,384. The business has a 50 day moving average of $101.39 and a 200-day moving average of $98.01. 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 1-year low of $83.27 and a 1-year high of $112.53. The company has a market cap of $3.94 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28.

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

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. EnerSys’s dividend payout ratio is 14.77%.

Insider Activity

In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares in the company, valued at $2,536,800. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 in the last three months. 1.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EnerSys

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of EnerSys in the fourth quarter worth $46,747,000. American Century Companies Inc. lifted its position in shares of EnerSys by 246.8% during the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP bought a new position in shares of EnerSys during the second quarter worth about $14,012,000. AQR Capital Management LLC increased its holdings in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after buying an additional 133,211 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in EnerSys during the second quarter valued at approximately $10,765,000. 94.93% of the stock is owned by institutional investors and hedge funds.

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.