EnerSys (NYSE:ENS) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of EnerSys (NYSE:ENS) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.

Several other brokerages have also issued reports on ENS. Roth Mkm restated a buy rating and set a $120.00 price target on shares of EnerSys in a research note on Monday. Roth Capital upgraded EnerSys to a strong-buy rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnerSys currently has a consensus rating of Moderate Buy and a consensus price target of $118.00.

EnerSys Stock Up 2.1 %

ENS opened at $101.56 on Tuesday. The business has a 50 day moving average of $100.10 and a 200-day moving average of $98.83. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.62 and a beta of 1.24. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $1.89 EPS. The business’s revenue was down 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.24 per share. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was 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 directly owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the sale, 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. Over the last ninety days, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EnerSys

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in EnerSys in the second quarter worth $25,000. Covestor Ltd raised its holdings in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. lifted its position 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 in the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in EnerSys in the 2nd quarter valued at about $41,000. 94.93% of the stock is currently owned by institutional investors.

About EnerSys

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.