Enersys (NYSE:ENS) Upgraded by Wall Street Zen to Strong-Buy Rating

Enersys (NYSE:ENS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.

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

Enersys Price Performance

Shares of NYSE ENS opened at $86.85 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. Enersys has a twelve month low of $76.57 and a twelve month high of $112.53. The stock has a 50 day moving average of $87.87 and a two-hundred day moving average of $92.11. The stock has a market cap of $3.40 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.50 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 for the quarter, beating analysts' consensus estimates of $2.78 by $0.19. The company 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 firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 earnings per share. On average, research analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Insider Buying and Selling

In other Enersys news, CFO Andrea J. Funk acquired 315 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Shawn M. O'connell acquired 475 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer now directly owns 43,030 shares of the company's stock, valued at $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 have acquired 1,085 shares of company stock valued at $89,726 over the last quarter. Company insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. grew its holdings in Enersys by 23.1% in the first quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after purchasing an additional 1,323 shares during the last quarter. CX Institutional acquired a new stake in Enersys in the first quarter valued at $69,000. Charles Schwab Investment Management Inc. grew its holdings in Enersys by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock valued at $56,338,000 after purchasing an additional 15,133 shares during the last quarter. Cetera Investment Advisers grew its holdings in Enersys by 13.7% in the fourth quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock valued at $765,000 after purchasing an additional 997 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in Enersys by 37.0% in the fourth quarter. LPL Financial LLC now owns 13,322 shares of the industrial products company's stock valued at $1,231,000 after purchasing an additional 3,601 shares during 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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