By otakuyassine3@gmail.com 
EnerSys (NYSE:ENS – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $91.53, but opened at $94.52. EnerSys shares last traded at $96.84, with a volume of 61,087 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two 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.com, EnerSys currently has an average rating of “Buy” and an average target price of $118.00.
Get Our Latest Stock Report on EnerSys
EnerSys Trading Up 8.8 %
The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a 50 day moving average of $97.87 and a 200 day moving average of $100.38. The firm has a market cap of $3.97 billion, a P/E ratio of 13.92, a PEG ratio of 0.60 and a beta of 1.22.
EnerSys (NYSE:ENS – Get Free Report) last posted its quarterly 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 company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same period in the prior year, the business posted $1.84 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that EnerSys will post 8.86 EPS for the current year.
EnerSys Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 0.96%. EnerSys’s payout ratio is 13.60%.
Insider Transactions at EnerSys
In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.61% of the company’s stock.
Hedge Funds Weigh In On EnerSys
A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its position in shares of EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after buying an additional 13,524 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after acquiring an additional 21,903 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after acquiring an additional 11,384 shares during the last quarter. AQR Capital Management LLC increased its position in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after buying an additional 92,398 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
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.
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