EnerSys (ENS) Given Consensus Rating of “Hold” by Analysts
EnerSys (NYSE:ENS) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $80.00.
A number of analysts have recently weighed in on ENS shares. Zacks Investment Research downgraded shares of EnerSys from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Oppenheimer restated a “buy” rating and issued a $77.00 target price (down from $82.00) on shares of EnerSys in a report on Wednesday, November 1st. Finally, CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday.
EnerSys (ENS) traded up $2.05 during trading on Tuesday, hitting $72.13. 376,900 shares of the stock were exchanged, compared to its average volume of 248,311. EnerSys has a 12-month low of $61.33 and a 12-month high of $84.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.49 and a current ratio of 3.43. The company has a market cap of $3,130.00, a P/E ratio of 19.60, a PEG ratio of 2.63 and a beta of 1.68.
EnerSys announced that its board has authorized a share repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.175 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.97%. EnerSys’s dividend payout ratio (DPR) is presently 19.02%.
In related news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now directly owns 61,182 shares in the company, valued at approximately $4,068,603. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. grew its holdings in EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 18 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EnerSys by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 122 shares during the last quarter. Amalgamated Bank grew its holdings in EnerSys by 3.3% during the 2nd quarter. Amalgamated Bank now owns 6,283 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 203 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in EnerSys by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,787 shares of the industrial products company’s stock valued at $1,216,000 after purchasing an additional 220 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in EnerSys by 68.1% during the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 784 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.
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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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