Enersys (NYSE:ENS) Sets New 52-Week Low at $62.41
Shares of Enersys (NYSE:ENS) hit a new 52-week low during trading on Friday . The stock traded as low as $62.41 and last traded at $62.45, with a volume of 351,249 shares. The stock had previously closed at $64.99.
Several analysts recently commented on ENS shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Enersys in a research note on Wednesday. Zacks Investment Research downgraded Enersys from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine raised Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.33.
The stock’s 50 day moving average is $72.28 and its 200-day moving average is $77.09. The stock has a market cap of $2.73 billion, a PE ratio of 16.9674 and a beta of 1.65.
Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.01. Enersys had a return on equity of 19.27% and a net margin of 6.86%. The business had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. During the same quarter in the prior year, the company earned $1.14 EPS. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Enersys will post $4.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.08%. Enersys’s dividend payout ratio is presently 18.87%.
Enersys announced that its board has authorized a share buyback program on Wednesday, August 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the sale, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the sale, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The disclosure for this sale can be found here. Insiders sold a total of 7,676 shares of company stock worth $627,462 in the last 90 days. 1.40% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in Enersys by 23.8% in the first quarter. Bank of America Corp DE now owns 368,650 shares of the industrial products company’s stock worth $29,102,000 after buying an additional 70,950 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Enersys during the fourth quarter worth $216,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Enersys during the first quarter worth $338,000. Geode Capital Management LLC raised its stake in Enersys by 9.7% in the first quarter. Geode Capital Management LLC now owns 419,444 shares of the industrial products company’s stock worth $33,110,000 after buying an additional 37,122 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its stake in Enersys by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 6,770 shares of the industrial products company’s stock worth $534,000 after buying an additional 216 shares in the last quarter. Institutional investors own 95.86% of the company’s stock.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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