EnerSys (NYSE:ENS) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also recently commented on ENS. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, EnerSys currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Trading Up 2.3 %

Shares of NYSE ENS opened at $100.48 on Thursday. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $99.31 and a 200-day simple moving average of $99.11. The stock has a market capitalization of $4.04 billion, a PE ratio of 15.47, a PEG ratio of 0.62 and a beta of 1.23.

EnerSys (NYSE:ENS) last issued its quarterly earnings data 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 return on equity of 19.98% and a net margin of 7.73%. The business had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the previous year, the firm posted $1.89 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. On average, equities analysts forecast that EnerSys will post 8.94 earnings per share for the current year.

Insider Transactions at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad C. Uplinger sold 500 shares of the company’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by corporate insiders.

Institutional Trading of EnerSys

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of EnerSys in the 2nd quarter valued at about $343,000. Aurora Investment Counsel lifted its holdings in shares of EnerSys by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 139 shares during the last quarter. Creative Planning lifted its holdings in shares of 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 last quarter. Silver Lake Advisory LLC lifted its holdings in shares of EnerSys by 0.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company’s stock valued at $3,197,000 after purchasing an additional 260 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of EnerSys in the 2nd quarter valued at about $4,505,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

About EnerSys

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.