EnerSys (NYSE:ENS) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of EnerSys (NYSE:ENS - Free Report) from a buy rating to a strong-buy rating in a report released on Thursday morning.

Several other analysts have also weighed in on ENS. Roth Capital upgraded EnerSys to a strong-buy rating in a report on Tuesday, August 27th. Roth Mkm restated a buy rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, EnerSys currently has an average rating of Moderate Buy and an average price target of $118.00.

EnerSys Price Performance

ENS stock traded down $0.51 during trading on Thursday, reaching $98.26. The company's stock had a trading volume of 145,741 shares, compared to its average volume of 248,406. The company's fifty day moving average is $99.51 and its 200-day moving average is $99.12. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a market capitalization of $3.95 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. During the same quarter last year, the business earned $1.89 earnings per share. EnerSys's quarterly revenue was down 6.1% compared to the same quarter last year. On average, research analysts expect that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.24 dividend. This is a positive change from EnerSys's previous quarterly dividend of $0.23. The ex-dividend date was Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. EnerSys's dividend payout ratio (DPR) is presently 14.77%.

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 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 owns 25,368 shares of the company's stock, valued at approximately $2,536,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company's stock, valued at $24,414,000. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of EnerSys by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company's stock valued at $415,262,000 after purchasing an additional 60,021 shares in the last quarter. Janus Henderson Group PLC boosted its position in EnerSys by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company's stock valued at $123,412,000 after acquiring an additional 14,531 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of EnerSys by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock valued at $120,978,000 after acquiring an additional 21,903 shares during the period. AQR Capital Management LLC raised its position in shares of EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock worth $94,022,000 after acquiring an additional 133,211 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of EnerSys by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company's stock worth $84,512,000 after purchasing an additional 32,730 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

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.