Enersys (NYSE:ENS) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Enersys (NYSE:ENS - Free Report) from a buy rating to a strong-buy rating in a research note released on Sunday.

Several other equities analysts have also commented on the company. Roth Mkm reiterated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th. Roth Capital reiterated a "buy" rating on shares of Enersys in a research report on Thursday, May 22nd.

Enersys Stock Performance

Enersys stock traded up $1.16 during midday trading on Friday, reaching $89.91. The stock had a trading volume of 200,957 shares, compared to its average volume of 316,093. The firm has a market capitalization of $3.52 billion, a PE ratio of 10.00, a P/E/G ratio of 0.49 and a beta of 1.07. Enersys has a 12 month low of $76.57 and a 12 month high of $112.53. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average price is $88.13 and its 200 day moving average price is $92.02.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results 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 the consensus estimate of $973.45 million. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $2.08 earnings per share. As a group, research analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.07%. Enersys's dividend payout ratio is currently 10.65%.

Insider Transactions at Enersys

In other news, CFO Andrea J. Funk purchased 315 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares of the company's stock, valued at $4,061,729. This represents a 0.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 cost of $83.76 per share, with a total value of $39,786.00. Following the transaction, the chief executive officer directly owned 43,030 shares in the company, 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. In the last three months, insiders bought 1,085 shares of company stock valued at $89,726. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enersys

A number of hedge funds have recently modified their holdings of ENS. Hillsdale Investment Management Inc. grew its position in shares of Enersys by 0.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock worth $3,526,000 after buying an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its stake in Enersys by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after acquiring an additional 100 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in Enersys by 2.5% during the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after acquiring an additional 133 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Enersys by 1.0% during the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock valued at $1,233,000 after purchasing an additional 135 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of Enersys by 3.4% during the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 147 shares in 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.