EnerSys (NYSE:ENS) Short Interest Update

EnerSys (NYSE:ENS - Get Free Report) was the recipient of 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 volume of 247,500 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.4% of the company's stock are short sold.

EnerSys Stock Performance

NYSE:ENS traded down $0.99 on Friday, hitting $93.26. The stock had a trading volume of 265,329 shares, compared to its average volume of 247,536. The business's 50-day simple moving average is $98.22 and its two-hundred day simple moving average is $100.66. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating 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 business had revenue of $883.70 million during the quarter, compared to analysts' expectations of $891.78 million. During the same period in the prior year, the company earned $1.84 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. As a group, research analysts predict that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. EnerSys's payout ratio is currently 13.60%.

Analyst Ratings Changes

ENS has been the subject of several recent analyst reports. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. Roth Capital upgraded shares of EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reiterated a "buy" rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $118.00.

Insider Transactions at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.61% of the stock is owned by insiders.

Institutional Investors Weigh In On EnerSys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock worth $37,000 after acquiring an additional 94 shares during the period. Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter valued at approximately $41,000. Millburn Ridgefield Corp bought a new stake in shares of EnerSys during the third quarter valued at approximately $88,000. CWM LLC raised its position in shares of EnerSys by 198.8% during the second quarter. CWM LLC now owns 995 shares of the industrial products company's stock valued at $103,000 after buying an additional 662 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of EnerSys in the third quarter worth $125,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

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.