Enersys’ (ENS) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of Enersys (NYSE:ENS) in a research note released on Thursday morning,Weiss Ratings reports.

ENS has been the subject of several other research reports. Roth Capital reiterated a “buy” rating and issued a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Enersys currently has a consensus rating of “Buy” and an average target price of $118.33.

Enersys Stock Performance

Enersys stock opened at $126.43 on Thursday. The firm has a 50 day simple moving average of $112.24 and a 200-day simple moving average of $97.57. Enersys has a 1-year low of $76.57 and a 1-year high of $127.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The business had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. During the same quarter in the prior year, the company posted $1.98 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.2625 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.05 annualized dividend and a yield of 0.8%. This is a boost from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio is 11.99%.

Hedge Funds Weigh In On Enersys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENS. GAMMA Investing LLC boosted its position in Enersys by 284.6% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company’s stock valued at $123,000 after buying an additional 996 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Enersys by 74.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company’s stock valued at $6,339,000 after buying an additional 29,268 shares during the period. Carmel Capital Management L.L.C. boosted its position in Enersys by 47.2% in the 1st quarter. Carmel Capital Management L.L.C. now owns 66,295 shares of the industrial products company’s stock valued at $6,071,000 after buying an additional 21,250 shares during the period. Lightrock Netherlands B.V. boosted its position in Enersys by 13.1% in the 1st quarter. Lightrock Netherlands B.V. now owns 145,764 shares of the industrial products company’s stock valued at $13,371,000 after buying an additional 16,914 shares during the period. Finally, Trium Capital LLP purchased a new position in Enersys in the 1st quarter valued at approximately $355,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.