EnerSys (NYSE:ENS) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of EnerSys (NYSE:ENSFree Report) from a strong-buy rating to a buy rating in a report published on Wednesday.

Separately, BTIG Research cut 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 assigned a buy rating to the stock. According to MarketBeat.com, EnerSys has an average rating of Hold and a consensus target price of $126.50.

View Our Latest Report on EnerSys

EnerSys Stock Down 0.3 %

EnerSys stock opened at $106.13 on Wednesday. EnerSys has a 12 month low of $83.27 and a 12 month high of $113.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50. The business has a 50 day simple moving average of $99.28 and a 200-day simple moving average of $96.23. The stock has a market capitalization of $4.27 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

EnerSys (NYSE:ENSGet Free Report) last issued its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. The company had revenue of $910.70 million during the quarter, compared to analysts’ expectations of $893.64 million. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. On average, analysts anticipate that EnerSys will post 8.74 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.85%. EnerSys’s payout ratio is 13.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of EnerSys by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after acquiring an additional 60,021 shares during the period. Janus Henderson Group PLC lifted its stake in shares of EnerSys by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock valued at $123,412,000 after buying an additional 14,531 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of EnerSys by 3.8% during the first quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after purchasing an additional 32,730 shares during the last quarter. Invesco Ltd. boosted its stake in EnerSys by 36.2% in the 3rd quarter. Invesco Ltd. now owns 852,077 shares of the industrial products company’s stock worth $80,666,000 after buying an additional 226,630 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of EnerSys by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock worth $75,817,000 after acquiring an additional 22,202 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

About EnerSys

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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.

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