Enersys (NYSE:ENS) Lowered to "Buy" Rating by Wall Street Zen

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

Other analysts also recently issued reports about the stock. Roth Capital reiterated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th.

Enersys Stock Down 0.4%

Shares of ENS stock opened at $83.23 on Friday. 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 has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.48 and a beta of 1.08. The company's fifty day moving average price is $87.64 and its 200-day moving average price is $92.49. Enersys has a one year low of $76.57 and a one year high of $112.53.

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

Insiders Place Their Bets

In other news, CFO Andrea J. Funk purchased 315 shares of the company's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the purchase, the chief financial officer now owns 50,645 shares in the company, valued at $4,061,729. This trade represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Shawn M. O'connell purchased 475 shares of the company's stock in a transaction on Friday, May 30th. The shares were purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the purchase, the chief executive officer now owns 43,030 shares in the company, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,085 shares of company stock valued at $89,726 in the last three months. Corporate insiders own 1.61% of the company's stock.

Institutional Trading of Enersys

Several large investors have recently added to or reduced their stakes in ENS. Norges Bank purchased a new stake in Enersys during the 4th quarter valued at about $49,222,000. Millennium Management LLC boosted its stake in shares of Enersys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after buying an additional 404,204 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Enersys in the first quarter worth about $29,695,000. Boston Partners boosted its stake in shares of Enersys by 47.1% in the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after buying an additional 270,726 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Enersys by 113.0% in the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after buying an additional 158,617 shares during the last quarter. Hedge funds and other 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.

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