Chad C. Uplinger Sells 500 Shares of EnerSys (NYSE:ENS) Stock

EnerSys (NYSE:ENS) insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred 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 directly owns 17,175 shares in the company, valued at $1,732,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

EnerSys Trading Up 1.1 %

Shares of ENS opened at $101.33 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a one year low of $83.27 and a one year high of $112.53. The stock has a 50-day moving average price of $101.69 and a 200 day moving average price of $97.83. The company has a market capitalization of $4.08 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.63 and a beta of 1.28.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. Sell-side analysts forecast that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio is 13.85%.

Hedge Funds Weigh In On EnerSys

A number of hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys during the second quarter valued at approximately $25,000. Covestor Ltd increased its holdings in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. GAMMA Investing LLC lifted its stake in EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in EnerSys in the second quarter worth $41,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Roth Mkm began coverage on shares of EnerSys in a report on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price on the stock. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.