EnerSys (NYSE:ENS) Shares Down 6.6% – Should You Sell?

EnerSys (NYSE:ENS) shares dropped 6.6% during trading on Thursday . The stock traded as low as $93.86 and last traded at $95.15. Approximately 234,024 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 243,038 shares. The stock had previously closed at $101.90.

Wall Street Analysts Forecast Growth

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

EnerSys Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm’s 50 day moving average is $99.95 and its 200-day moving average is $100.66. The company has a market cap of $3.85 billion, a PE ratio of 14.48, a PEG ratio of 0.61 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. During the same quarter last year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts anticipate that EnerSys will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EnerSys

Several institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in EnerSys by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 126 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its stake in EnerSys by 2.0% in the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 137 shares in the last quarter. Aurora Investment Counsel grew its stake in EnerSys by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after buying an additional 139 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in EnerSys by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after buying an additional 167 shares during the period. 94.93% of the stock is owned by hedge funds and other 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.