EnerSys (NYSE:ENS) Reaches New 52-Week Low - What's Next?

EnerSys (NYSE:ENS - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $84.89 and last traded at $85.22, with a volume of 92383 shares changing hands. The stock had previously closed at $93.01.

Analysts Set New Price Targets

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $117.50.

EnerSys Price Performance

The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.08 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The company's fifty day moving average is $96.41 and its 200 day moving average is $96.82.

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

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EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio is currently 11.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ENS. Vanguard Group Inc. grew its position in EnerSys by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company's stock valued at $431,376,000 after purchasing an additional 90,670 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of EnerSys by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company's stock worth $136,583,000 after acquiring an additional 13,104 shares during the period. State Street Corp lifted its holdings in shares of EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock worth $150,502,000 after buying an additional 13,524 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of EnerSys by 1.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock worth $122,262,000 after purchasing an additional 13,786 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in EnerSys by 13.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock valued at $95,021,000 after acquiring an additional 121,758 shares in the last quarter. 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.