Short Interest in EnerSys (NYSE:ENS) Rises By 18.2%

EnerSys (NYSE:ENS - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 790,800 shares, a growth of 18.2% from the March 15th total of 668,800 shares. Based on an average trading volume of 352,300 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Friday, January 17th. One investment 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 stock. According to MarketBeat, EnerSys presently has an average rating of "Buy" and a consensus price target of $117.50.

Hedge Funds Weigh In On EnerSys

Several large investors have recently modified their holdings of the business. Quarry LP raised its position in EnerSys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 204 shares during the period. UMB Bank n.a. lifted its position in shares of EnerSys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Headlands Technologies LLC boosted its position in EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of EnerSys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after acquiring an additional 100 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of EnerSys during the fourth quarter worth $47,000. Institutional investors and hedge funds own 94.93% of the company's stock.

EnerSys Price Performance

Shares of EnerSys stock traded up $2.69 during trading hours on Thursday, reaching $85.97. The stock had a trading volume of 224,442 shares, compared to its average volume of 285,354. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The stock's 50 day moving average is $92.76 and its 200 day moving average is $95.44. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.39 billion, a PE ratio of 10.64, a PEG ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (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%. Equities analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.12%. EnerSys's dividend payout ratio (DPR) is 11.88%.

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.