Short Interest in EnerSys (NYSE:ENS) Decreases By 12.6%

EnerSys (NYSE:ENS) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 918,100 shares, a decline of 12.6% from the November 15th total of 1,050,000 shares. Based on an average daily volume of 247,500 shares, the short-interest ratio is presently 3.7 days. Approximately 2.4% of the company’s shares are short sold.

Insider Activity

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On EnerSys

Several institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of EnerSys by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock worth $3,964,000 after purchasing an additional 4,657 shares in the last quarter. Sanctuary Advisors LLC increased its position in EnerSys by 24.7% in the third quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after buying an additional 818 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock worth $96,584,000 after buying an additional 11,384 shares during the period. Barclays PLC raised its stake in shares of EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after buying an additional 85,742 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of EnerSys by 22.4% during the 3rd quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock valued at $391,000 after buying an additional 702 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of NYSE ENS opened at $93.26 on Friday. The firm’s 50-day moving average price is $98.22 and its 200-day moving average price is $100.66. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a market cap of $3.71 billion, a PE ratio of 13.21, a PEG ratio of 0.60 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 issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. As a group, analysts anticipate that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ENS. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, EnerSys presently has a consensus rating of “Buy” and an average price target of $118.00.

About EnerSys

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.