Short Interest in EnerSys (NYSE:ENS) Drops By 12.6%

EnerSys (NYSE:ENS) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 918,100 shares, a decrease of 12.6% from the November 15th total of 1,050,000 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 247,500 shares, the short-interest ratio is currently 3.7 days.

EnerSys Stock Performance

ENS traded down $1.25 during trading on Tuesday, reaching $91.53. 269,601 shares of the company’s stock were exchanged, compared to its average volume of 247,919. The company’s fifty day simple moving average is $98.05 and its 200-day simple moving average is $100.50. The stock has a market capitalization of $3.64 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53.

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

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s payout ratio is presently 13.60%.

Analyst Upgrades and Downgrades

ENS has been the topic of a number of research analyst reports. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Finally, StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On EnerSys

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in EnerSys by 13.9% during the third quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock worth $3,964,000 after buying an additional 4,657 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of EnerSys by 24.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 818 shares in the last quarter. Geode Capital Management LLC grew its position in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after acquiring an additional 11,384 shares during the period. Barclays PLC increased its stake in shares of EnerSys by 87.2% in the 3rd quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock valued at $18,788,000 after purchasing an additional 85,742 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in EnerSys by 22.4% during the third quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.