EnerSys (NYSE:ENS) Rating Increased to Strong-Buy at StockNews.com

EnerSys (NYSE:ENS) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Other analysts have also issued research reports about the stock. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, EnerSys has a consensus rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Trading Down 0.7 %

NYSE ENS opened at $99.47 on Tuesday. EnerSys has a one year low of $83.27 and a one year high of $112.53. The company’s 50 day moving average price is $100.20 and its 200 day moving average price is $98.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.62 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. EnerSys’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, sell-side analysts predict that EnerSys will post 8.94 EPS for the current year.

Insider Buying and Selling

In related news, 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 completion of the sale, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

A number of hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of EnerSys by 2.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 126 shares during the last quarter. Aurora Investment Counsel grew its position in shares of EnerSys by 0.7% during the second 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 during the last quarter. Retirement Systems of Alabama grew its position in shares of EnerSys by 0.3% during the first 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 during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in shares of EnerSys by 2.4% during the second 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 during the last quarter. Institutional investors and hedge funds 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.