Enersys’ (ENS) “Buy (B)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their buy (b) rating on shares of Enersys (NYSE:ENS) in a research note issued to investors on Thursday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the stock. Oppenheimer restated an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Roth Capital restated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enersys currently has an average rating of “Buy” and an average price target of $118.33.

Enersys Stock Up 0.3%

Shares of ENS opened at $125.16 on Thursday. The company has a market capitalization of $4.69 billion, a P/E ratio of 14.29, a PEG ratio of 0.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. Enersys has a one year low of $76.57 and a one year high of $125.97. The business’s 50 day simple moving average is $111.76 and its 200-day simple moving average is $97.17.

Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. The firm had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 EPS. As a group, sell-side analysts predict that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Enersys’s previous quarterly dividend of $0.24. Enersys’s payout ratio is 11.99%.

Hedge Funds Weigh In On Enersys

Several institutional investors and hedge funds have recently made changes to their positions in the company. Merit Financial Group LLC grew its holdings in shares of Enersys by 3.8% in the 3rd quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock valued at $301,000 after buying an additional 97 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in shares of Enersys by 1.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 7,811 shares of the industrial products company’s stock valued at $882,000 after buying an additional 123 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Enersys by 1.0% in the 1st quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company’s stock valued at $1,233,000 after buying an additional 135 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of Enersys by 6.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company’s stock valued at $241,000 after buying an additional 176 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Enersys by 3.0% in the 1st quarter. Assetmark Inc. now owns 6,566 shares of the industrial products company’s stock valued at $601,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

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.