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

EnerSys (NYSE:ENS - Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 721,600 shares, a drop of 9.1% from the January 15th total of 794,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average trading volume of 300,500 shares, the days-to-cover ratio is presently 2.4 days.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is currently owned by insiders.

Institutional Trading of EnerSys

Several hedge funds have recently modified their holdings of ENS. Quarry LP boosted its stake in EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after acquiring an additional 204 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of EnerSys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after purchasing an additional 403 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of EnerSys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after purchasing an additional 100 shares in the last quarter. R Squared Ltd bought a new stake in EnerSys in the 4th quarter valued at about $47,000. Finally, Covestor Ltd increased its position in EnerSys by 32.4% in the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock valued at $71,000 after buying an additional 189 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

EnerSys Trading Down 0.6 %

NYSE:ENS traded down $0.61 during trading hours on Friday, hitting $102.08. 371,108 shares of the company were exchanged, compared to its average volume of 293,900. The company has a fifty day simple moving average of $95.92 and a 200 day simple moving average of $97.44. EnerSys has a one year low of $88.50 and a one year high of $112.53. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Sell-side analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.94%. EnerSys's payout ratio is currently 11.88%.

Analyst Ratings Changes

A number of analysts have weighed in on ENS shares. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a research report on Friday, January 17th. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, EnerSys presently has a consensus rating of "Buy" and an average price target of $117.50.

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.