EnerSys (NYSE:ENS) Short Interest Up 9.4% in November

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

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.61% of the company’s stock.

Institutional Investors Weigh In On EnerSys

Several large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in EnerSys in the second quarter valued at about $25,000. UMB Bank n.a. raised its position in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 94 shares during the period. GAMMA Investing LLC increased its position in EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of EnerSys in the second quarter worth approximately $41,000. Finally, Mather Group LLC. increased its stake in EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock worth $66,000 after buying an additional 501 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

EnerSys Trading Up 0.2 %

Shares of ENS traded up $0.22 during mid-day trading on Wednesday, hitting $96.70. 49,637 shares of the company’s stock traded hands, compared to its average volume of 247,187. The business’s 50-day moving average price is $99.05 and its 200-day moving average price is $101.09. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The firm has a market capitalization of $3.85 billion, a P/E ratio of 13.76, a PEG ratio of 0.61 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last posted its quarterly earnings data 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 business had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, sell-side analysts forecast that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two research 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 stock. According to data from MarketBeat.com, EnerSys has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.