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

StockNews.com lowered shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a report released on Thursday.

Separately, BTIG Research cut shares of EnerSys from a buy rating to a neutral rating in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, EnerSys has a consensus rating of Hold and an average target price of $126.50.

EnerSys Trading Down 0.1 %

NYSE:ENS opened at $103.52 on Thursday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33. EnerSys has a one year low of $83.27 and a one year high of $113.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The business’s 50-day simple moving average is $100.57 and its 200 day simple moving average is $96.62.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The company had revenue of $910.70 million during the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. As a group, sell-side analysts predict that EnerSys will post 8.74 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.225 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.87%. EnerSys’s payout ratio is currently 13.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd boosted its stake in EnerSys by 83.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 17,384 shares of the industrial products company’s stock valued at $1,755,000 after buying an additional 7,899 shares in the last quarter. Seven Eight Capital LP bought a new stake in EnerSys in the fourth quarter worth approximately $893,000. Corient Private Wealth LLC lifted its stake in shares of EnerSys by 13.0% in the 4th quarter. Corient Private Wealth LLC now owns 156,368 shares of the industrial products company’s stock valued at $15,787,000 after purchasing an additional 18,043 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of EnerSys by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock worth $411,385,000 after acquiring an additional 62,146 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in EnerSys by 6.7% during the fourth quarter. First Trust Advisors LP now owns 248,159 shares of the industrial products company’s stock worth $25,054,000 after purchasing an additional 15,684 shares during the period. Institutional investors and hedge funds 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.