EnerSys (NYSE:ENS) Short Interest Update

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

EnerSys Stock Performance

EnerSys stock traded up $1.00 during mid-day trading on Monday, reaching $97.66. The company’s stock had a trading volume of 308,424 shares, compared to its average volume of 248,422. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.61 and a beta of 1.24. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The business has a 50 day moving average price of $99.15 and a 200-day moving average price of $101.09. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

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

EnerSys Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 13.60%.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in shares of EnerSys by 246.8% during the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after acquiring an additional 188,053 shares during the period. Shellback Capital LP acquired a new position in EnerSys during the 2nd quarter valued at about $14,012,000. AQR Capital Management LLC grew its position in EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of EnerSys in the second quarter valued at approximately $10,765,000. Finally, Erste Asset Management GmbH bought a new stake in shares of EnerSys during the third quarter valued at approximately $9,438,000. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ENS shares. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.