EnerSys (ENS) Lowered to Hold at ValuEngine

ValuEngine lowered shares of EnerSys (NYSE:ENS) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research firms have also recently commented on ENS. Sidoti set a $106.00 target price on EnerSys and gave the company a buy rating in a research note on Tuesday, October 30th. William Blair raised EnerSys from a market perform rating to an outperform rating and set a $71.77 price objective for the company in a research note on Thursday, December 20th. Finally, Oppenheimer reaffirmed a buy rating on shares of EnerSys in a research note on Tuesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $93.55.

Shares of NYSE ENS traded down $4.36 during midday trading on Friday, hitting $74.68. The stock had a trading volume of 1,175,694 shares, compared to its average volume of 310,839. The stock has a market capitalization of $3.21 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.39. EnerSys has a fifty-two week low of $65.93 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.53 and a current ratio of 2.91.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.07). The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $685.80 million. EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. Equities research analysts forecast that EnerSys will post 5.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.

Several institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of EnerSys by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,826 shares of the industrial products company’s stock worth $1,306,000 after purchasing an additional 194 shares during the period. Retirement Systems of Alabama grew its stake in shares of EnerSys by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 54,648 shares of the industrial products company’s stock worth $4,241,000 after purchasing an additional 212 shares during the period. Strs Ohio grew its stake in shares of EnerSys by 6.8% during the fourth quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System grew its stake in EnerSys by 1.1% in the fourth quarter. Arizona State Retirement System now owns 30,251 shares of the industrial products company’s stock valued at $2,348,000 after acquiring an additional 342 shares during the period. Finally, Ffcm LLC grew its stake in EnerSys by 319.6% in the fourth quarter. Ffcm LLC now owns 470 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 358 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

About EnerSys

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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