EnerSys (NYSE:ENS) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of EnerSys (NYSE:ENS) from a buy rating to a strong-buy rating in a report released on Friday morning.

A number of other research firms have also recently weighed in on ENS. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $118.00.

EnerSys Trading Down 0.8 %

Shares of NYSE:ENS opened at $94.71 on Friday. The company has a market capitalization of $3.77 billion, a PE ratio of 13.42, a PEG ratio of 0.61 and a beta of 1.22. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The business has a 50 day moving average of $98.73 and a two-hundred day moving average of $101.01. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.61% of the stock is owned by company insiders.

Institutional Trading of EnerSys

Several large investors have recently bought and sold shares of ENS. American Century Companies Inc. grew its holdings in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after buying an additional 188,053 shares in the last quarter. Shellback Capital LP acquired a new stake in EnerSys during the second quarter worth about $14,012,000. AQR Capital Management LLC increased its position in EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in EnerSys during the second quarter worth about $10,765,000. Finally, Erste Asset Management GmbH acquired a new position in EnerSys in the 3rd quarter valued at about $9,438,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.