StockNews.com Lowers EnerSys (NYSE:ENS) to Buy

StockNews.com lowered shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a research note published on Wednesday.

Separately, BTIG Research lowered EnerSys from a buy rating to a neutral rating in a research note on Friday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $126.50.

EnerSys Stock Up 1.9 %

NYSE ENS opened at $105.19 on Wednesday. The business’s fifty day simple moving average is $98.39 and its 200-day simple moving average is $95.95. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.22 billion, a PE ratio of 16.18, a P/E/G ratio of 0.66 and a beta of 1.33. EnerSys has a 52 week low of $83.27 and a 52 week high of $113.34.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. During the same period in the previous year, the firm earned $1.82 earnings per share. EnerSys’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.225 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.86%. EnerSys’s dividend payout ratio (DPR) is 13.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ENS. Dynamic Technology Lab Private Ltd boosted its stake in shares of EnerSys by 83.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 17,384 shares of the industrial products company’s stock valued at $1,755,000 after buying an additional 7,899 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in EnerSys by 235.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 22,219 shares of the industrial products company’s stock worth $2,103,000 after acquiring an additional 15,598 shares during the last quarter. Seven Eight Capital LP acquired a new position in EnerSys during the 4th quarter worth approximately $893,000. Corient Private Wealth LLC increased its position in shares of EnerSys by 13.0% in the 4th quarter. Corient Private Wealth LLC now owns 156,368 shares of the industrial products company’s stock valued at $15,787,000 after purchasing an additional 18,043 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of EnerSys by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,345,466 shares of the industrial products company’s stock valued at $411,385,000 after purchasing an additional 62,146 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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.