Oppenheimer upgraded shares of EnerSys (NYSE:ENS - Free Report) from a market perform rating to an outperform rating in a report published on Friday morning, MarketBeat reports. Oppenheimer currently has $115.00 target price on the industrial products company's stock.
Other research analysts also recently issued reports about the company. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. Roth Mkm restated a "buy" rating and set a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $117.50.
Check Out Our Latest Stock Analysis on ENS
EnerSys Stock Up 4.2 %
Shares of NYSE:ENS traded up $4.00 during trading hours on Friday, hitting $98.28. The company's stock had a trading volume of 334,080 shares, compared to its average volume of 257,349. The firm's fifty day moving average price is $94.60 and its 200 day moving average price is $98.50. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.51 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.
EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 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 company had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same quarter in the previous year, the firm posted $1.84 earnings per share. EnerSys's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts expect that EnerSys will post 9.86 EPS for the current year.
EnerSys Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. EnerSys's dividend payout ratio is currently 13.60%.
Insider Activity
In other news, CEO David M. Shaffer sold 20,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.61% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENS. Shellback Capital LP acquired a new position in EnerSys in the second quarter valued at approximately $14,012,000. AQR Capital Management LLC lifted its stake in shares of EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock valued at $94,022,000 after purchasing an additional 133,211 shares during the period. Erste Asset Management GmbH purchased a new stake in EnerSys during the third quarter worth $9,438,000. Deprince Race & Zollo Inc. grew its position in EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after buying an additional 92,398 shares during the period. Finally, Barclays PLC increased its holdings in EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company's stock valued at $18,788,000 after buying an additional 85,742 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.
EnerSys Company Profile
(
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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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