ValuEngine upgraded shares of EnerSys (NYSE:ENS) from a hold rating to a buy rating in a research report released on Monday.

Several other equities analysts have also commented on ENS. TheStreet upgraded shares of EnerSys from a c+ rating to a b+ rating in a research report on Thursday, May 31st. Zacks Investment Research lowered shares of EnerSys from a buy rating to a hold rating in a research report on Tuesday, June 5th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. EnerSys currently has an average rating of Buy and an average target price of $81.33.

ENS stock opened at $86.69 on Monday. EnerSys has a 52 week low of $62.85 and a 52 week high of $87.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.33 and a quick ratio of 2.46. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The business had revenue of $670.90 million during the quarter, compared to analyst estimates of $649.63 million. During the same quarter last year, the business earned $1.12 earnings per share. EnerSys’s quarterly revenue was up 7.8% compared to the same quarter last year. research analysts anticipate that EnerSys will post 5.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.81%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.

In other news, insider Holger P. Aschke sold 4,545 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $77.13, for a total value of $350,555.85. Following the completion of the sale, the insider now owns 38,294 shares in the company, valued at approximately $2,953,616.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Myles Jones sold 13,460 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $80.29, for a total transaction of $1,080,703.40. Following the completion of the sale, the insider now owns 49,102 shares of the company’s stock, valued at approximately $3,942,399.58. The disclosure for this sale can be found here. Insiders sold a total of 21,920 shares of company stock valued at $1,732,714 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ENS. Wells Fargo & Company MN lifted its holdings in shares of EnerSys by 18.6% in the 1st quarter. Wells Fargo & Company MN now owns 793,048 shares of the industrial products company’s stock worth $55,013,000 after acquiring an additional 124,118 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of EnerSys by 9.8% in the 1st quarter. Aperio Group LLC now owns 20,545 shares of the industrial products company’s stock worth $1,425,000 after acquiring an additional 1,830 shares during the last quarter. US Bancorp DE lifted its holdings in shares of EnerSys by 55.7% in the 1st quarter. US Bancorp DE now owns 19,384 shares of the industrial products company’s stock worth $1,345,000 after acquiring an additional 6,938 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of EnerSys by 1.1% in the 1st quarter. BlackRock Inc. now owns 4,462,477 shares of the industrial products company’s stock worth $309,562,000 after acquiring an additional 48,836 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in shares of EnerSys by 48.7% in the 1st quarter. Federated Investors Inc. PA now owns 17,986 shares of the industrial products company’s stock worth $1,247,000 after acquiring an additional 5,888 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Further Reading: Short Selling

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