EnerSys (NYSE:ENS) Short Interest Up 9.4% in November

EnerSys (NYSE:ENS) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,050,000 shares, a growth of 9.4% from the October 31st total of 959,700 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 253,100 shares, the days-to-cover ratio is currently 4.1 days.

EnerSys Stock Down 0.1 %

Shares of ENS stock traded down $0.10 during trading hours on Wednesday, reaching $96.38. The company had a trading volume of 51,419 shares, compared to its average volume of 247,210. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The company has a market capitalization of $3.84 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22. The stock’s fifty day simple moving average is $99.05 and its 200 day simple moving average is $101.09.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. EnerSys’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 earnings per share. As a group, sell-side analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

ENS has been the subject of several research analyst reports. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new position in EnerSys in the second quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its holdings in EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in EnerSys during the 2nd quarter worth approximately $41,000. Finally, Mather Group LLC. lifted its holdings in EnerSys by 250.5% during the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock worth $66,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.