EnerSys (NYSE:ENS) Lifted to Strong-Buy at StockNews.com

EnerSys (NYSE:ENS) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

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

EnerSys Stock Down 0.9 %

NYSE ENS opened at $98.77 on Thursday. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.97 billion, a PE ratio of 15.20, a P/E/G ratio of 0.62 and a beta of 1.24. The business’s fifty day simple moving average is $99.51 and its 200-day simple moving average is $99.12. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53.

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

Insider Buying and Selling at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last quarter. 1.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ENS. Sanctuary Advisors LLC acquired a new stake in EnerSys during the 2nd quarter worth $343,000. Aurora Investment Counsel lifted its position in EnerSys by 0.7% during the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after acquiring an additional 139 shares during the last quarter. Creative Planning boosted its stake in EnerSys by 60.4% in the 2nd quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock valued at $604,000 after purchasing an additional 2,196 shares during the period. Silver Lake Advisory LLC grew its stake in shares of EnerSys by 0.8% in the second quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company’s stock valued at $3,197,000 after acquiring an additional 260 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in EnerSys during the second quarter worth about $4,505,000. Institutional investors and hedge funds 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.