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

EnerSys (NYSE:ENS) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $118.00.

A number of brokerages recently commented on ENS. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th.

EnerSys Stock Performance

NYSE ENS opened at $101.58 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $100.02 and a 200-day moving average price of $98.93. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53.

EnerSys (NYSE:ENS) last released its quarterly earnings data 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 firm had revenue of $852.90 million during 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 business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 earnings per share. As a group, equities research analysts predict that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. This is a boost from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is presently 14.77%.

Insider Activity at EnerSys

In related news, VP Joern Tinnemeyer sold 2,200 shares of the business’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 transaction, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys 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 of the company’s stock, valued at approximately $2,536,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last quarter. 1.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On EnerSys

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its position in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in EnerSys by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 126 shares in the last quarter. Aurora Investment Counsel raised its position in shares of EnerSys by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after acquiring an additional 139 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of EnerSys by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock worth $4,794,000 after acquiring an additional 154 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of EnerSys by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 167 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

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.