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

Enersys (NYSE:ENS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. Roth Capital restated a "buy" rating on shares of Enersys in a research report on Thursday, May 22nd. Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a report on Wednesday, May 14th.

Enersys Trading Up 2.1%

Shares of NYSE ENS traded up $1.76 during midday trading on Friday, hitting $84.57. The stock had a trading volume of 302,829 shares, compared to its average volume of 311,161. The firm has a market cap of $3.32 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.08. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. The company's 50-day simple moving average is $87.65 and its 200 day simple moving average is $92.36.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million during the quarter, compared to analysts' expectations of $973.45 million. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 EPS. Research analysts anticipate that Enersys will post 9.99 EPS for the current year.

Insider Transactions at Enersys

In other news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, the chief executive officer now owns 43,030 shares in the company, valued at $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrea J. Funk purchased 315 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the purchase, the chief financial officer now directly owns 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock valued at $89,726 over the last 90 days. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enersys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in shares of Enersys by 1.0% in the 4th quarter. Rhumbline Advisers now owns 135,425 shares of the industrial products company's stock valued at $12,517,000 after acquiring an additional 1,319 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Enersys by 11.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 22,305 shares of the industrial products company's stock valued at $2,062,000 after purchasing an additional 2,265 shares during the last quarter. Ieq Capital LLC bought a new position in Enersys in the fourth quarter valued at approximately $203,000. Hudson Edge Investment Partners Inc. increased its position in shares of Enersys by 27.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 8,325 shares of the industrial products company's stock worth $769,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Enersys during the 4th quarter worth approximately $105,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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.