EnerSys (NYSE:ENS) Receives $118.00 Average Price Target from Brokerages

Shares of EnerSys (NYSE:ENS) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $118.00.

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

Insiders Place Their Bets

In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated 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 directly owns 25,368 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the sale, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last three months. Insiders own 1.61% of the company’s stock.

Institutional Trading of EnerSys

A number of institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its position in EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP bought a new position in shares of EnerSys during the second quarter valued at approximately $14,012,000. AQR Capital Management LLC lifted its stake 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 acquiring an additional 133,211 shares during the period. Great Lakes Advisors LLC bought a new stake in EnerSys in the second quarter valued at $10,765,000. Finally, Deprince Race & Zollo Inc. raised its holdings in 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 purchasing 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 Stock Down 0.8 %

ENS opened at $102.27 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. EnerSys has a one year low of $83.27 and a one year high of $112.53. The company has a fifty day moving average price of $99.37 and a 200-day moving average price of $99.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. Equities research analysts expect that EnerSys will post 8.94 earnings per share for the current fiscal 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 dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio (DPR) is currently 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.