EnerSys (NYSE:ENS) Insider Buys $24,676.75 in Stock

EnerSys (NYSE:ENS - Get Free Report) insider Chad C. Uplinger purchased 295 shares of the stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of $83.65 per share, with a total value of $24,676.75. Following the transaction, the insider now owns 17,545 shares in the company, valued at $1,467,639.25. This trade represents a 1.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

EnerSys Stock Up 0.3%

NYSE ENS traded up $0.26 during trading hours on Thursday, hitting $85.74. 27,412 shares of the company traded hands, compared to its average volume of 349,504. The business's 50-day moving average is $87.21 and its 200-day moving average is $93.32. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.57 and a beta of 1.13.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.78 by $0.19. The company had revenue of $974.80 million during the quarter, compared to the consensus estimate of $973.45 million. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Sell-side analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, June 13th. EnerSys's dividend payout ratio is 10.65%.

Institutional Investors Weigh In On EnerSys

Several hedge funds have recently added to or reduced their stakes in ENS. Charles Schwab Investment Management Inc. raised its stake in EnerSys by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock worth $56,338,000 after purchasing an additional 15,133 shares in the last quarter. Cetera Investment Advisers increased its holdings in EnerSys by 13.7% in the 4th quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock worth $765,000 after purchasing an additional 997 shares in the last quarter. LPL Financial LLC increased its stake in shares of 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 buying an additional 3,601 shares during the period. EntryPoint Capital LLC acquired a new stake in EnerSys in the fourth quarter valued at $389,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of EnerSys by 12.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock valued at $1,618,000 after buying an additional 1,876 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENS. Roth Capital restated a "buy" rating on shares of EnerSys in a report on Thursday, May 22nd. Roth Mkm reaffirmed a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th.

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.