EnerSys (NYSE:ENS) Given Average Rating of “Moderate Buy” by Analysts

Shares of EnerSys (NYSE:ENS) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $118.00.

Several research analysts have commented on the stock. Roth Mkm restated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th.

EnerSys Trading Up 1.5 %

Shares of ENS opened at $103.13 on Thursday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 15.87, a PEG ratio of 0.64 and a beta of 1.23. 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 fifty day simple moving average of $99.03 and a two-hundred day simple moving average of $99.77. EnerSys has a twelve month low of $83.27 and a twelve 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 the consensus estimate of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same quarter in the prior year, the company posted $1.89 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.93%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chad C. Uplinger sold 500 shares of the 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 sale, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last three months. 1.61% of the stock is owned by corporate insiders.

Institutional Trading of EnerSys

Several institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of EnerSys during the 2nd quarter valued at about $25,000. UMB Bank n.a. boosted its holdings 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 during the last quarter. Covestor Ltd boosted its holdings in shares of EnerSys by 231.6% during 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. GAMMA Investing LLC boosted its holdings in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of EnerSys during the 2nd quarter valued at about $41,000. 94.93% of the stock is owned by hedge funds and other 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.