EnerSys (NYSE:ENS) Downgraded by StockNews.com

StockNews.com lowered shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

Separately, BTIG Research cut EnerSys from a buy rating to a neutral rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $126.50.

EnerSys Trading Down 0.4 %

Shares of NYSE ENS opened at $106.08 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The business’s 50 day moving average price is $99.28 and its 200-day moving average price is $96.18. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $113.34. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 0.67 and a beta of 1.33.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The firm had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. On average, sell-side analysts expect that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 annualized dividend and a yield of 0.85%. EnerSys’s dividend payout ratio (DPR) is presently 13.85%.

Institutional Investors Weigh In On EnerSys

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after buying an additional 264 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in EnerSys by 1,386.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 416 shares during the period. Principal Securities Inc. acquired a new stake in EnerSys in the 4th quarter valued at $52,000. Arlington Trust Co LLC acquired a new stake in EnerSys in the 4th quarter valued at $157,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in EnerSys in the 4th quarter valued at $157,000. 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.