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 released on Thursday morning.

A number of other brokerages also recently issued reports on ENS. Roth Capital upgraded EnerSys to a strong-buy rating in a research report on Tuesday, August 27th. Roth Mkm reaffirmed 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, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $118.00.

EnerSys Price Performance

ENS stock opened at $100.43 on Thursday. The firm has a 50 day moving average of $99.12 and a 200-day moving average of $99.19. The firm has a market capitalization of $4.04 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. 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 (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.89 EPS. As a group, sell-side analysts predict that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.24 dividend. 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 0.96%. The ex-dividend date was Monday, September 16th. EnerSys’s dividend payout ratio is presently 14.77%.

Insider Activity

In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after acquiring an additional 60,021 shares during the period. Quantbot Technologies LP boosted its stake in shares of EnerSys by 867.8% during the first quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares during the period. Seven Eight Capital LP bought a new position in shares of EnerSys in the fourth quarter worth approximately $893,000. DekaBank Deutsche Girozentrale increased its stake in shares of EnerSys by 2,444.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after buying an additional 45,881 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in EnerSys by 354.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock valued at $6,764,000 after buying an additional 50,958 shares during the last quarter. 94.93% of the stock is 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.