EnerSys (NYSE:ENS) Shares Gap Up – What’s Next?

EnerSys (NYSE:ENS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $91.53, but opened at $94.52. EnerSys shares last traded at $96.84, with a volume of 61,087 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ENS shares. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.00.

EnerSys Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market cap of $3.68 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The company has a 50 day simple moving average of $97.52 and a 200-day simple moving average of $100.28.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. EnerSys’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 earnings per share. On average, equities analysts expect that EnerSys will post 8.86 earnings per share 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. increased its holdings in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. Peregrine Asset Advisers Inc. increased its stake in shares of EnerSys by 2.0% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock valued at $705,000 after buying an additional 137 shares during the period. Aurora Investment Counsel raised its holdings in shares of EnerSys by 0.7% during the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 139 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 167 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 183 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

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.