Short Interest in EnerSys (NYSE:ENS) Increases By 9.4%

EnerSys (NYSE:ENS) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,050,000 shares, a growth of 9.4% from the October 31st total of 959,700 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 253,100 shares, the days-to-cover ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ENS. Roth Mkm reiterated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Trading Up 0.2 %

EnerSys stock traded up $0.22 during midday trading on Wednesday, hitting $96.70. 49,637 shares of the stock were exchanged, compared to its average volume of 247,187. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.85 billion, a PE ratio of 13.76, a P/E/G ratio of 0.61 and a beta of 1.22. The company has a fifty day simple moving average of $99.05 and a two-hundred day simple moving average of $101.09.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. Equities research analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Insider Activity at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after purchasing an additional 13,524 shares during the last quarter. Earnest Partners LLC increased its position in EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock valued at $120,978,000 after purchasing an additional 21,903 shares during the period. Geode Capital Management LLC raised its stake in EnerSys by 1.2% during the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock worth $96,584,000 after buying an additional 11,384 shares during the last quarter. AQR Capital Management LLC grew its holdings in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after acquiring an additional 133,211 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after purchasing an additional 92,398 shares during the period. 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.