EnerSys (NYSE:ENS) Sees Significant Drop in Short Interest

EnerSys (NYSE:ENS) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 918,100 shares, a decline of 12.6% from the November 15th total of 1,050,000 shares. Based on an average daily trading volume, of 247,500 shares, the short-interest ratio is presently 3.7 days. Approximately 2.4% of the shares of the stock are short sold.

EnerSys Stock Down 1.3 %

Shares of EnerSys stock traded down $1.25 during trading hours on Tuesday, reaching $91.53. 265,678 shares of the company were exchanged, compared to its average volume of 247,903. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The stock’s fifty day moving average is $98.05 and its 200 day moving average is $100.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The firm has a market cap of $3.64 billion, a PE ratio of 13.14, a PEG ratio of 0.60 and a beta of 1.22.

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

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. EnerSys’s payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ENS. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnerSys has a consensus rating of “Buy” and a consensus price target of $118.00.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EnerSys

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in EnerSys by 354.4% in the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock valued at $6,764,000 after acquiring an additional 50,958 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its stake in EnerSys by 32.8% in the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock valued at $2,792,000 after acquiring an additional 6,764 shares in the last quarter. Foundry Partners LLC acquired a new position in EnerSys in the third quarter valued at $4,740,000. Citigroup Inc. boosted its stake in EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after acquiring an additional 24,123 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in EnerSys in the second quarter valued at $10,765,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

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.