EnerSys (NYSE:ENS) Upgraded to “Strong-Buy” at StockNews.com

EnerSys (NYSE:ENS) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

A number of other analysts have also recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, EnerSys currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Price Performance

ENS opened at $98.77 on Thursday. The company’s 50-day simple moving average is $99.51 and its two-hundred day simple moving average is $99.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The stock has a market capitalization of $3.97 billion, a P/E ratio of 15.20, a P/E/G ratio of 0.62 and a beta of 1.24. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The company had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts predict that EnerSys will post 8.94 EPS for the current year.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 2,400 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 value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David M. Shaffer sold 2,400 shares of the firm’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 $240,000.00. Following the transaction, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock valued at $2,271,843 over the last 90 days. 1.61% of the stock is currently owned by corporate insiders.

Institutional Trading of EnerSys

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

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.