Analysts Set EnerSys (NYSE:ENS) PT at $118.00

EnerSys (NYSE:ENS) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $118.00.

A number of equities analysts have recently weighed in on ENS shares. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th.

Insider Activity at EnerSys

In other 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 completion of the sale, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 owns 25,368 shares in the company, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 over the last 90 days. 1.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EnerSys

A number of large investors have recently bought and sold shares of ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new position in EnerSys in the second quarter valued at about $25,000. Covestor Ltd raised its stake in shares of EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. UMB Bank n.a. lifted its position in EnerSys by 36.2% during the second 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 last quarter. GAMMA Investing LLC boosted its stake in EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in EnerSys in the second quarter valued at approximately $41,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Price Performance

NYSE ENS opened at $99.88 on Thursday. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.64 and a beta of 1.23. The company’s 50 day moving average is $99.37 and its two-hundred day moving average is $99.98.

EnerSys (NYSE:ENS) last announced 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. The firm had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.89 EPS. As a group, research analysts anticipate that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

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