EnerSys (NYSE:ENS) Rating Increased to Outperform at Oppenheimer

Oppenheimer upgraded shares of EnerSys (NYSE:ENS) from a market perform rating to an outperform rating in a research report sent to investors on Friday, MarketBeat.com reports. Oppenheimer currently has $115.00 price target on the industrial products company’s stock.

A number of other research firms have also recently weighed in on ENS. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, EnerSys currently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Stock Performance

ENS opened at $98.28 on Friday. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The stock has a market cap of $3.91 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.51 and a beta of 1.22. The stock’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $98.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. EnerSys’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, equities analysts anticipate that EnerSys will post 9.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 0.98%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EnerSys

Several institutional investors and hedge funds have recently bought and sold shares of ENS. Renaissance Technologies LLC raised its position in shares of EnerSys by 98.0% in the 2nd quarter. Renaissance Technologies LLC now owns 110,300 shares of the industrial products company’s stock worth $11,418,000 after buying an additional 54,600 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of EnerSys by 11.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 594 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of EnerSys by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 520 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of EnerSys by 32.9% during the 2nd quarter. Seven Eight Capital LP now owns 11,284 shares of the industrial products company’s stock worth $1,168,000 after purchasing an additional 2,795 shares during the period. Finally, XTX Topco Ltd increased its position in EnerSys by 16.9% during the 2nd quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 452 shares in 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.