EnerSys (NYSE:ENS) Upgraded by Oppenheimer to “Outperform” Rating

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

ENS has been the subject of a number of other research reports. Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Stock Performance

EnerSys stock opened at $98.28 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a one year low of $86.41 and a one year high of $112.53. The stock’s 50 day moving average price is $94.60 and its 200 day moving average price is $98.52. The firm has a market capitalization of $3.91 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

EnerSys (NYSE:ENS) last announced 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 business had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. As a group, sell-side analysts expect that EnerSys will post 9.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

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

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake in EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after acquiring an additional 13,524 shares during the period. Earnest Partners LLC grew its stake in EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after buying an additional 21,903 shares during the last quarter. Geode Capital Management LLC lifted its stake in EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after buying an additional 11,384 shares during the last quarter. AQR Capital Management LLC lifted its stake in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after buying an additional 133,211 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after purchasing an additional 92,398 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Company Profile

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.