EnerSys (NYSE:ENS) Stock Rating Lowered by TheStreet

TheStreet cut shares of EnerSys (NYSE:ENS) from a b- rating to a c+ rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

Separately, BTIG Research upgraded EnerSys from a neutral rating to a buy rating and set a $125.00 target price on the stock in a research note on Wednesday, June 16th.

Shares of NYSE ENS opened at $75.66 on Tuesday. The stock’s 50-day simple moving average is $88.35 and its 200-day simple moving average is $92.13. The firm has a market capitalization of $3.22 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.81. EnerSys has a fifty-two week low of $62.30 and a fifty-two week high of $104.47.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 11th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. EnerSys had a return on equity of 13.76% and a net margin of 4.92%. The firm had revenue of $814.90 million for the quarter, compared to the consensus estimate of $815.10 million. On average, sell-side analysts forecast that EnerSys will post 5.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.93%. EnerSys’s dividend payout ratio (DPR) is presently 15.59%.

In other news, insider Andrew M. Zogby sold 4,351 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $87.26, for a total value of $379,668.26. Following the completion of the transaction, the insider now directly owns 32,317 shares of the company’s stock, valued at $2,819,981.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 7,100 shares of the company’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $85.02, for a total value of $603,642.00. Following the completion of the transaction, the chief executive officer now owns 223,655 shares of the company’s stock, valued at $19,015,148.10. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank purchased a new stake in shares of EnerSys in the first quarter worth about $25,000. Rockefeller Capital Management L.P. boosted its holdings in EnerSys by 389.2% in the first quarter. Rockefeller Capital Management L.P. now owns 318 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 253 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in EnerSys during the second quarter valued at approximately $34,000. Heritage Wealth Management LLC raised its stake in EnerSys by 57.5% during the second quarter. Heritage Wealth Management LLC now owns 885 shares of the industrial products company’s stock valued at $87,000 after buying an additional 323 shares in the last quarter. Finally, Sage Financial Management Group Inc. acquired a new stake in EnerSys during the first quarter valued at approximately $97,000. 95.03% of the stock is owned by hedge funds and other institutional investors.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications. The company operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions.

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