Enersys (NYSE:ENS) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Enersys experienced a significant increase in trading volume, with 373,073 shares traded, marking an 18% rise compared to the previous session.
• The company recently announced a quarterly dividend of $0.24 per share, reflecting a 1.0% yield, with a payout ratio of 10.65%.
• Analysts remain bullish on Enersys, with Roth Capital reaffirming a "buy" rating and Wall Street Zen upgrading it to "strong-buy," citing a price target of $120.00.

Shares of Enersys (NYSE:ENS - Get Free Report) saw strong trading volume on Tuesday . 373,073 shares changed hands during mid-day trading, an increase of 18% from the previous session's volume of 316,290 shares.The stock last traded at $91.70 and had previously closed at $89.20.

Analyst Ratings Changes

ENS has been the topic of several research analyst reports. Roth Capital reaffirmed a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Roth Mkm restated a "buy" rating and issued a $120.00 price objective on shares of Enersys in a report on Wednesday, May 14th.

Enersys Price Performance

The company's 50-day moving average price is $87.74 and its 200-day moving average price is $91.55. 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 cap of $3.60 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.51 and a beta of 1.08.

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

Enersys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, June 13th. Enersys's payout ratio is presently 10.65%.

Insider Buying and Selling at Enersys

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

Institutional Trading of Enersys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP raised its stake in Enersys by 153.4% in the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after purchasing an additional 204 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Enersys by 2,500.0% in 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 acquired a new position in shares of Enersys in the 1st quarter valued at approximately $36,000. UMB Bank n.a. raised 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, Headlands Technologies LLC raised its position in shares of Enersys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Company Profile

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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