Enersys (NYSE:ENS) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $92.00 target price (down previously from $95.00) on shares of Enersys in a research note on Friday, June 2nd. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Thursday. Finally, ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.67.

Shares of Enersys (NYSE ENS) traded down 0.68% during mid-day trading on Friday, hitting $62.39. 106,773 shares of the stock were exchanged. Enersys has a 1-year low of $61.96 and a 1-year high of $84.74. The company’s 50-day moving average is $70.89 and its 200-day moving average is $76.51. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 16.81 and a beta of 1.65.

Enersys (NYSE:ENS) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by $0.01. The business had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. Equities research analysts anticipate that Enersys will post $4.67 earnings per share for the current fiscal year.

Enersys declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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In other news, VP Kerry M. Kane sold 4,413 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Holger P. Aschke sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the transaction, the insider now directly owns 28,928 shares in the company, valued at approximately $2,343,168. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank raised its position in Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock valued at $187,000 after buying an additional 10 shares during the last quarter. Advisor Group Inc. raised its position in Enersys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares during the last quarter. World Asset Management Inc raised its position in Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock valued at $211,000 after buying an additional 25 shares during the last quarter. State Treasurer State of Michigan raised its position in Enersys by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,600 shares of the industrial products company’s stock valued at $1,389,000 after buying an additional 100 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Enersys by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock valued at $258,000 after buying an additional 109 shares during the last quarter. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Enersys Company Profile

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

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