Investors Purchase High Volume of Enersys Call Options (NYSE:ENS)

Key Points

• Enersys saw unusually heavy call-option activity: Investors purchased 4,579 call options, nearly 20 times the average volume of 221 contracts.
• The company reported quarterly earnings of $3.66 per share, exceeding estimates by $0.83, while revenue rose 4.8% year over year to $935.64 million.
• Enersys increased its quarterly dividend to $0.2875 per share, and analysts maintain a consensus “Buy” rating with an average price target of $265.

Enersys (NYSE:ENS - Get Free Report) was the target of some unusual options trading on Monday. Stock investors purchased 4,579 call options on the stock. This represents an increase of 1,972% compared to the average volume of 221 call options.

Enersys Trading Down 0.0%

Enersys stock traded down $0.03 during trading on Monday, reaching $178.09. The company had a trading volume of 57,248 shares, compared to its average volume of 482,629. Enersys has a 12-month low of $108.18 and a 12-month high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The stock's 50 day moving average price is $188.34 and its two-hundred day moving average price is $198.80. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 0.89 and a beta of 1.21.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.83. The company had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. Enersys's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, equities analysts expect that Enersys will post 13.41 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.2875 per share. This is a boost from Enersys's previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 18th. Enersys's payout ratio is currently 12.31%.

Institutional Trading of Enersys

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in Enersys by 9.8% during the second quarter. Sequoia Financial Advisors LLC now owns 5,734 shares of the industrial products company's stock valued at $1,341,000 after buying an additional 513 shares in the last quarter. Tidal Investments LLC increased its position in shares of Enersys by 18.4% in the second quarter. Tidal Investments LLC now owns 81,387 shares of the industrial products company's stock worth $19,030,000 after acquiring an additional 12,640 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in shares of Enersys in the second quarter worth $4,335,000. Engineers Gate Manager LP raised its stake in shares of Enersys by 17.8% in the 2nd quarter. Engineers Gate Manager LP now owns 12,068 shares of the industrial products company's stock valued at $2,822,000 after acquiring an additional 1,825 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Enersys by 9.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research upgraded Enersys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. BTIG Research reaffirmed a "buy" rating and set a $280.00 price target on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings lowered shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 26th. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $265.00.

About Enersys

EnerSys NYSE: ENS is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.

Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.

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