EnerSys (NYSE:ENS) Upgraded at Oppenheimer

Oppenheimer upgraded shares of EnerSys (NYSE:ENS) from a market perform rating to an outperform rating in a report issued on Friday, MarketBeat Ratings reports. They currently have $115.00 price target on the industrial products company’s stock.

Several other equities research analysts have also issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, EnerSys has an average rating of “Buy” and a consensus target price of $117.50.

EnerSys Trading Up 4.2 %

Shares of ENS stock opened at $98.28 on Friday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The stock’s 50-day moving average price is $94.60 and its 200-day moving average price is $98.47. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. During the same quarter in the previous year, the business earned $1.84 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts predict that EnerSys will post 9.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insider Activity at EnerSys

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in EnerSys by 98.0% during the 2nd quarter. Renaissance Technologies LLC now owns 110,300 shares of the industrial products company’s stock valued at $11,418,000 after acquiring an additional 54,600 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in EnerSys by 11.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 594 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in EnerSys by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 520 shares during the last quarter. Seven Eight Capital LP raised its holdings in EnerSys by 32.9% in the second quarter. Seven Eight Capital LP now owns 11,284 shares of the industrial products company’s stock worth $1,168,000 after purchasing an additional 2,795 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of EnerSys by 16.9% during the second quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock valued at $324,000 after buying an additional 452 shares during the last quarter. 94.93% of the stock is currently 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.