EnerSys (NYSE:ENS) Sees Significant Decline in Short Interest

EnerSys (NYSE:ENS) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 721,600 shares, a decrease of 9.1% from the January 15th total of 794,000 shares. Based on an average daily volume of 300,500 shares, the short-interest ratio is currently 2.4 days. Approximately 1.9% of the company’s stock are sold short.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.61% of the stock is owned by insiders.

Institutional Trading of EnerSys

Hedge funds have recently bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its position in EnerSys by 32.8% during the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock valued at $2,792,000 after acquiring an additional 6,764 shares during the last quarter. Foundry Partners LLC purchased a new stake in EnerSys during the third quarter valued at $4,740,000. Citigroup Inc. increased its position in EnerSys by 99.2% during the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after acquiring an additional 24,123 shares during the last quarter. Janney Montgomery Scott LLC increased its position in EnerSys by 60.8% during the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company’s stock valued at $1,595,000 after acquiring an additional 5,909 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after acquiring an additional 9,337 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 1.6 %

Shares of NYSE:ENS opened at $100.96 on Wednesday. The company has a market cap of $3.98 billion, a P/E ratio of 12.49, a PEG ratio of 0.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 1.87. EnerSys has a 1 year low of $88.50 and a 1 year high of $112.53. The stock’s fifty day moving average price is $95.46 and its 200-day moving average price is $97.34.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Sell-side analysts expect that EnerSys will post 9.78 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, March 14th. EnerSys’s payout ratio is currently 11.88%.

Analyst Upgrades and Downgrades

Several research firms have commented on ENS. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $117.50.

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.