Short Interest in EnerSys (NYSE:ENS) Expands By 14.7%

EnerSys (NYSE:ENS - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,090,000 shares, an increase of 14.7% from the September 30th total of 950,100 shares. Based on an average daily trading volume, of 245,700 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.8% of the company's shares are sold short.

Insider Activity

In related news, VP Joern Tinnemeyer sold 2,200 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares of the company's stock, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Joern Tinnemeyer sold 2,200 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company's stock, valued at $24,414,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys in the second quarter valued at $25,000. Covestor Ltd increased its holdings in EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company's stock valued at $36,000 after buying an additional 264 shares in the last quarter. UMB Bank n.a. lifted its position in shares of EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 94 shares during the period. GAMMA Investing LLC grew its holdings in shares of EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock worth $40,000 after acquiring an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of EnerSys in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

ENS has been the subject of a number of research analyst reports. StockNews.com cut EnerSys from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 15th. Roth Capital raised shares of EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

EnerSys Stock Down 1.1 %

NYSE ENS traded down $1.12 during trading hours on Tuesday, hitting $99.66. 221,383 shares of the company were exchanged, compared to its average volume of 242,167. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.62 and a beta of 1.23. The company has a 50 day moving average of $99.93 and a two-hundred day moving average of $100.38. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. During the same period in the prior year, the firm earned $1.89 earnings per share. The business's quarterly revenue was down 6.1% compared to the same quarter last year. Equities research analysts anticipate that EnerSys will post 8.93 earnings per share for the current year.

EnerSys Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from EnerSys's previous quarterly dividend of $0.23. EnerSys's dividend payout ratio is currently 14.77%.

EnerSys Company Profile

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.