EnerSys (NYSE:ENS) Short Interest Down 17.1% in March

EnerSys (NYSE:ENS) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 668,800 shares, a decrease of 17.1% from the February 28th total of 806,600 shares. Based on an average daily trading volume, of 340,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ENS shares. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnerSys currently has an average rating of “Buy” and a consensus price target of $117.50.

Institutional Trading of EnerSys

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its position in shares of EnerSys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 204 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after buying an additional 403 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of EnerSys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after buying an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in shares of EnerSys during the 4th quarter valued at $47,000. Finally, Covestor Ltd lifted its holdings in shares of EnerSys by 32.4% during the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Price Performance

Shares of ENS stock traded up $0.97 during trading hours on Tuesday, reaching $92.55. The stock had a trading volume of 305,469 shares, compared to its average volume of 277,339. The stock’s fifty day simple moving average is $98.50 and its 200 day simple moving average is $97.63. The firm has a market capitalization of $3.65 billion, a PE ratio of 11.45, a PEG ratio of 0.57 and a beta of 1.18. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, equities research analysts predict that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. EnerSys’s dividend payout ratio is currently 11.88%.

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.