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

Shares of EnerSys (NYSE:ENS) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $118.00.

Several equities research analysts have commented on ENS shares. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th.

EnerSys Trading Up 0.1 %

NYSE ENS opened at $101.58 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The firm has a market capitalization of $4.09 billion, a PE ratio of 15.63, a P/E/G ratio of 0.62 and a beta of 1.24. The stock’s 50 day moving average is $100.02 and its 200 day moving average is $98.93.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same period in the previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Research analysts forecast that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

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

Insider Activity

In related news, CEO David M. Shaffer sold 2,400 shares of the company’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 $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 owns 244,140 shares in the company, valued at $24,414,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 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 value of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 over the last ninety days. 1.61% of the stock is currently owned by corporate insiders.

Institutional Trading of EnerSys

A number of hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in EnerSys in the second quarter worth about $25,000. UMB Bank n.a. increased its position 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 buying an additional 94 shares in the last quarter. Covestor Ltd increased its position in EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. GAMMA Investing LLC increased its position in EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys in the second quarter worth about $41,000. Hedge funds and other institutional investors 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.