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

EnerSys (NYSE:ENS) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $118.00.

A number of research analysts have commented on ENS shares. Roth Mkm assumed coverage on EnerSys in a research note on Tuesday, August 27th. They set a “buy” rating and a $120.00 price objective on the stock. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th.

EnerSys Price Performance

ENS stock opened at $102.14 on Friday. The stock has a 50-day moving average price of $100.68 and a two-hundred day moving average price of $98.61. The company has a market cap of $4.11 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. 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 12-month low of $83.27 and a 12-month high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings results 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 firm had revenue of $852.90 million for the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the previous year, the company posted $1.89 earnings per share. EnerSys’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts predict that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio is currently 14.77%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the transaction, the chief executive officer now owns 226,540 shares in the company, valued at approximately $22,672,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly 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 valued at $2,271,843 in the last ninety days. Corporate insiders own 1.61% of the company’s stock.

Institutional Trading of EnerSys

Several hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of EnerSys in the fourth quarter valued at approximately $52,000. Norges Bank bought a new stake in EnerSys in the fourth quarter worth about $46,747,000. UBS Group AG boosted its position in shares of EnerSys by 36.0% during the 4th quarter. UBS Group AG now owns 59,450 shares of the industrial products company’s stock valued at $6,002,000 after purchasing an additional 15,732 shares in the last quarter. Corient Private Wealth LLC grew its stake 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 worth $15,787,000 after purchasing an additional 18,043 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of EnerSys by 300.2% in the 4th quarter. Assetmark Inc. now owns 6,972 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 5,230 shares in the last quarter. 94.93% of the stock is currently owned by 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.