Enersys (NYSE:ENS) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Enersys was downgraded from a "strong-buy" to a "hold" rating by Wall Street Zen, while Oppenheimer and Roth Mkm maintained "outperform" and "buy" ratings, respectively, with a price target of $120.00.
• The company's recent earnings report showed an EPS of $2.08, beating estimates and a revenue increase of 4.7% year-over-year, amounting to $893 million.
• Insider buying activity was reported, with CFO Andrea J. Funk and CEO Shawn M. O'Connell acquiring shares, reflecting confidence in the company's future performance.

Wall Street Zen lowered shares of Enersys (NYSE:ENS - Free Report) from a strong-buy rating to a hold rating in a research note released on Saturday.

ENS has been the topic of a number of other reports. Roth Capital reiterated a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Oppenheimer restated an "outperform" rating on shares of Enersys in a research note on Friday. Finally, Roth Mkm restated a "buy" rating and set a $120.00 price target on shares of Enersys in a research note on Wednesday, May 14th.

Enersys Price Performance

Shares of NYSE ENS traded up $0.73 during mid-day trading on Friday, reaching $99.33. The company had a trading volume of 75,960 shares, compared to its average volume of 373,872. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.72 billion, a PE ratio of 11.34, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a 50-day moving average price of $89.01 and a two-hundred day moving average price of $91.38.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%. The firm had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. During the same quarter last year, the firm earned $1.98 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. This is a boost from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio (DPR) is 10.96%.

Insider Buying and Selling at Enersys

In related news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was bought at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer directly owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrea J. Funk acquired 315 shares of the business's stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,085 shares of company stock worth $89,726 in the last ninety days. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enersys

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Enersys during the 2nd quarter worth approximately $38,229,000. Millennium Management LLC grew its stake in Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after buying an additional 404,204 shares in the last quarter. Nuveen LLC purchased a new position in Enersys in the 1st quarter valued at approximately $29,695,000. Allianz Asset Management GmbH grew its stake in Enersys by 249.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 428,394 shares of the industrial products company's stock valued at $36,743,000 after buying an additional 305,635 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Enersys by 35,119.1% in the 1st quarter. GAMMA Investing LLC now owns 123,267 shares of the industrial products company's stock valued at $11,289,000 after buying an additional 122,917 shares in the last quarter. 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.