EnerSys (NYSE:ENS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of EnerSys (NYSE:ENS) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $118.00.

A number of research firms recently weighed in on ENS. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. Finally, Roth Mkm assumed coverage on EnerSys in a report on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price objective on the stock.

Insider Activity at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the company’s 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 completion of the transaction, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last 90 days. 1.61% of the stock is owned by insiders.

Hedge Funds Weigh In On EnerSys

A number of institutional investors and hedge funds have recently made changes to their positions in ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in EnerSys during the second quarter worth $25,000. UMB Bank n.a. increased its position in EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. Covestor Ltd raised its holdings in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter worth about $41,000. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Trading Down 0.4 %

Shares of NYSE ENS opened at $102.14 on Friday. The stock has a fifty day simple moving average of $100.68 and a 200-day simple moving average of $98.61. EnerSys has a twelve month low of $83.27 and a twelve 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. The stock has a market capitalization of $4.11 billion, a PE ratio of 15.71, a PEG ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its quarterly earnings data 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 business had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities analysts forecast that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change 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 (DPR) is 14.77%.

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.