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

Key Points

• Enersys has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, amidst ongoing analysis from various financial institutions.
• The company's stock is currently trading at $109.75 and has a market capitalization of $4.11 billion, with an average price target of $118.33 according to analyst consensus.
• Enersys reported quarterly earnings of $2.08 EPS, exceeding estimates, with revenues rising 4.7% year-over-year, highlighting the company's financial growth.

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

A number of other research firms also recently issued reports on ENS. Oppenheimer restated an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Roth Capital restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $118.33.

Enersys Stock Up 1.0%

Shares of ENS stock traded up $1.16 on Friday, hitting $113.18. The stock had a trading volume of 15,604 shares, compared to its average volume of 366,286. The business has a 50 day moving average of $98.63 and a 200 day moving average of $92.14. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. Enersys has a 12-month low of $76.57 and a 12-month high of $113.51.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during the quarter, compared to the consensus estimate of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.98 earnings per share. As a group, analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is 11.99%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Enersys during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Enersys by 2,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock valued at $31,000 after buying an additional 325 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in shares of Enersys during the 1st quarter valued at $36,000. UMB Bank n.a. boosted its holdings in shares of Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after buying an additional 284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock worth $47,000 after purchasing an additional 476 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

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.