BidaskClub downgraded shares of Enersys (NYSE:ENS) from a sell rating to a strong sell rating in a research note issued to investors on Friday.
Several other equities research analysts also recently issued reports on the company. Sidoti raised Enersys from a neutral rating to a buy rating and set a $83.00 price target for the company in a report on Thursday. Zacks Investment Research downgraded Enersys from a hold rating to a strong sell rating in a report on Monday, August 14th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $82.00 price target (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Finally, ValuEngine raised Enersys from a hold rating to a buy rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $82.67.
Enersys (ENS) opened at 62.01 on Friday. The company’s 50-day moving average is $70.59 and its 200-day moving average is $76.40. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 16.71 and a beta of 1.65. Enersys has a 12 month low of $61.96 and a 12 month high of $84.74.
Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by $0.01. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The business had revenue of $622.60 million for the quarter, compared to analyst estimates of $615.77 million. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Enersys will post $4.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 14th. Enersys’s dividend payout ratio is 18.87%.
Enersys declared that its board has authorized a stock repurchase program on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Enersys news, insider Holger P. Aschke sold 3,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the transaction, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kerry M. Kane sold 4,413 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ENS. 361 Capital LLC boosted its position in Enersys by 13.8% in the first quarter. 361 Capital LLC now owns 10,533 shares of the industrial products company’s stock valued at $831,000 after buying an additional 1,278 shares during the last quarter. State Treasurer State of Michigan boosted its position in Enersys by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,600 shares of the industrial products company’s stock valued at $1,389,000 after buying an additional 100 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Enersys by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 26,019 shares of the industrial products company’s stock valued at $2,053,000 after buying an additional 1,050 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Enersys during the first quarter valued at $5,178,000. Finally, Wells Fargo & Company MN boosted its position in Enersys by 28.9% in the first quarter. Wells Fargo & Company MN now owns 533,158 shares of the industrial products company’s stock valued at $42,087,000 after buying an additional 119,632 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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