Short Interest in EnerSys (NYSE:ENS) Drops By 17.1%

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

Institutional Investors Weigh In On EnerSys

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of EnerSys in the 4th quarter valued at $49,222,000. Millennium Management LLC grew its position in EnerSys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company’s stock valued at $38,335,000 after acquiring an additional 404,204 shares during the last quarter. Boston Partners raised its stake in EnerSys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company’s stock worth $78,801,000 after acquiring an additional 270,726 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of EnerSys by 113.0% in the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company’s stock worth $27,636,000 after acquiring an additional 158,617 shares during the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in shares of EnerSys in the 4th quarter valued at approximately $11,969,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

ENS stock traded down $8.87 during trading hours on Thursday, hitting $84.14. 252,709 shares of the stock were exchanged, compared to its average volume of 277,872. EnerSys has a 12 month low of $83.71 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. The firm has a market capitalization of $3.32 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a 50-day simple moving average of $98.21 and a two-hundred day simple moving average of $97.56.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping 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, analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.14%. EnerSys’s dividend payout ratio is presently 11.88%.

Wall Street Analyst Weigh In

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

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.