EnerSys (NYSE:ENS) Short Interest Down 17.1% in March

EnerSys (NYSE:ENS - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 668,800 shares, a decrease of 17.1% from the February 28th total of 806,600 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 340,000 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On EnerSys

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after acquiring an additional 204 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of EnerSys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of EnerSys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after purchasing an additional 100 shares in the last quarter. R Squared Ltd acquired a new stake in shares of EnerSys in the 4th quarter valued at about $47,000. Finally, Covestor Ltd raised its stake in EnerSys by 32.4% during the 4th quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock worth $71,000 after buying an additional 189 shares during the period. 94.93% of the stock is currently owned by institutional investors.

EnerSys Trading Down 2.8 %

Shares of NYSE ENS traded down $2.32 during midday trading on Friday, reaching $80.90. The stock had a trading volume of 607,526 shares, compared to its average volume of 281,177. The company's 50 day moving average price is $97.50 and its 200 day moving average price is $97.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. EnerSys has a twelve month low of $76.98 and a twelve month high of $112.53. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, sell-side analysts expect that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

Analysts Set New Price Targets

Separately, Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $117.50.

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.