Enersys (NYSE:ENS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $113.82 and last traded at $114.31, with a volume of 51133 shares. The stock had previously closed at $112.96.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ENS. Roth Capital reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a report on Tuesday, August 5th. Wall Street Zen raised Enersys from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $118.33.
Check Out Our Latest Stock Report on Enersys
Enersys Trading Up 1.3%
The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The company has a fifty day simple moving average of $101.34 and a two-hundred day simple moving average of $92.76. The company has a market capitalization of $4.29 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09.
Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. The business had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. On average, analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal year.
Enersys Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.2625 dividend. The ex-dividend date was Friday, September 12th. This is a boost from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.9%. Enersys's dividend payout ratio is presently 11.99%.
Hedge Funds Weigh In On Enersys
A number of institutional investors have recently made changes to their positions in ENS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Enersys during the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its position 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 acquiring an additional 325 shares during 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. increased its position in shares of Enersys by 197.2% in 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 increased its position in shares of Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock valued at $47,000 after buying an additional 476 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.
Enersys Company Profile
(
Get Free Report)
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.
Further Reading
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