EnerSys (NYSE:ENS) Lowered to Buy at StockNews.com

StockNews.com downgraded shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a report published on Tuesday.

Several other equities research analysts also recently weighed in on the stock. Roth Capital raised shares of EnerSys to a strong-buy rating in a research note on Tuesday, August 27th. Roth Mkm reissued a buy rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys currently has a consensus rating of Moderate Buy and an average price target of $118.00.

EnerSys Price Performance

EnerSys stock opened at $101.61 on Tuesday. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.64 and a beta of 1.23. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $98.87 and its 200 day moving average is $99.74.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share 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 business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts forecast that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. EnerSys’s dividend payout ratio is presently 14.77%.

Insider Transactions at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 226,540 shares in the company, valued at approximately $22,672,123.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in EnerSys during the 2nd quarter worth about $25,000. Covestor Ltd grew its holdings in EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. UMB Bank n.a. grew 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 acquiring 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 in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of EnerSys in the 2nd quarter valued at about $41,000. 94.93% of the stock is currently owned by institutional investors.

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.