EnerSys (ENS) Lifted to “Buy” at ValuEngine

EnerSys (NYSE:ENS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research analysts have also recently weighed in on ENS. TheStreet raised shares of EnerSys from a “c+” rating to a “b+” rating in a research report on Thursday, May 31st. Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.33.

Shares of ENS stock traded up $0.48 on Monday, hitting $85.66. 143,500 shares of the stock traded hands, compared to its average volume of 203,370. The company has a current ratio of 3.33, a quick ratio of 2.46 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.69 and a beta of 1.54. EnerSys has a twelve month low of $62.85 and a twelve month high of $85.71.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $670.90 million for the quarter, compared to analysts’ expectations of $649.63 million. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. equities research analysts predict that EnerSys will post 5.05 EPS for the current year.

In other news, insider Holger P. Aschke sold 3,915 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $77.00, for a total transaction of $301,455.00. Following the transaction, the insider now owns 38,294 shares of the company’s stock, valued at approximately $2,948,638. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Holger P. Aschke sold 4,545 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $77.13, for a total transaction of $350,555.85. Following the transaction, the insider now directly owns 38,294 shares in the company, valued at approximately $2,953,616.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,920 shares of company stock worth $1,732,714. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd lifted its position in EnerSys by 80.9% in the second quarter. WINTON GROUP Ltd now owns 126,022 shares of the industrial products company’s stock valued at $9,406,000 after buying an additional 56,373 shares during the last quarter. California Public Employees Retirement System lifted its position in EnerSys by 2.4% in the second quarter. California Public Employees Retirement System now owns 164,314 shares of the industrial products company’s stock valued at $12,264,000 after buying an additional 3,865 shares during the last quarter. Glenmede Trust Co. NA lifted its position in EnerSys by 2.8% in the second quarter. Glenmede Trust Co. NA now owns 560,200 shares of the industrial products company’s stock valued at $41,813,000 after buying an additional 15,143 shares during the last quarter. Millennium Management LLC lifted its position in EnerSys by 116.7% in the second quarter. Millennium Management LLC now owns 215,778 shares of the industrial products company’s stock valued at $16,106,000 after buying an additional 116,198 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in EnerSys by 3.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 24,621 shares of the industrial products company’s stock valued at $1,838,000 after buying an additional 783 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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