EnerSys (ENS) Stock Rating Upgraded by CL King
CL King upgraded shares of EnerSys (NYSE:ENS) from a neutral rating to a buy rating in a report published on Tuesday, Marketbeat Ratings reports.
Several other research firms have also recently weighed in on ENS. Oppenheimer reaffirmed a buy rating and set a $77.00 target price on shares of EnerSys in a research note on Thursday, November 9th. Zacks Investment Research raised EnerSys from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $80.00.
Shares of EnerSys (ENS) traded down $1.05 on Tuesday, reaching $74.71. The company had a trading volume of 216,247 shares, compared to its average volume of 283,127. The stock has a market cap of $3,250.00, a PE ratio of 20.30, a P/E/G ratio of 2.63 and a beta of 1.68. EnerSys has a 1 year low of $61.33 and a 1 year high of $84.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49.
EnerSys declared that its board has authorized a stock buyback plan on Wednesday, November 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.70 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is presently 19.02%.
In other EnerSys news, insider Todd M. Sechrist sold 7,500 shares of EnerSys stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of EnerSys by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after buying an additional 97,319 shares in the last quarter. Boston Partners grew its stake in shares of EnerSys by 1.6% in the 3rd quarter. Boston Partners now owns 2,718,205 shares of the industrial products company’s stock valued at $188,019,000 after buying an additional 42,106 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of EnerSys by 8.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,738,173 shares of the industrial products company’s stock valued at $120,229,000 after buying an additional 133,541 shares in the last quarter. State Street Corp grew its stake in shares of EnerSys by 2.4% in the 2nd quarter. State Street Corp now owns 1,467,084 shares of the industrial products company’s stock valued at $106,289,000 after buying an additional 34,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of EnerSys by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,442,133 shares of the industrial products company’s stock valued at $99,753,000 after buying an additional 12,680 shares in the last quarter. 97.20% of the stock is owned by institutional investors and hedge funds.
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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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