EnerSys (NYSE:ENS) Rating Lowered to Buy at StockNews.com

EnerSys (NYSE:ENS) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also weighed in on ENS. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Stock Performance

Shares of NYSE ENS opened at $103.13 on Tuesday. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.64 and a beta of 1.23. 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 has a 1-year low of $83.27 and a 1-year high of $112.53. The stock’s 50-day moving average is $99.03 and its 200 day moving average is $99.77.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analysts’ expectations of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. On average, sell-side analysts anticipate that EnerSys will post 8.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last 90 days. Company insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

Several institutional investors have recently bought and sold shares of ENS. American Century Companies Inc. lifted its position in EnerSys by 246.8% during the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP purchased a new stake in shares of EnerSys in the second quarter valued at $14,012,000. AQR Capital Management LLC raised its stake in shares of EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after acquiring an additional 133,211 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of EnerSys in the second quarter valued at $10,765,000. Finally, Deprince Race & Zollo Inc. raised its stake in shares of EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after acquiring an additional 92,398 shares during the period. Institutional investors own 94.93% of the company’s stock.

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.