EnerSys (NYSE:ENS – Get Rating) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,010,000 shares, a growth of 14.9% from the August 31st total of 1,750,000 shares. Based on an average daily trading volume, of 188,800 shares, the short-interest ratio is presently 10.6 days. Currently, 5.0% of the shares of the stock are short sold.
EnerSys Stock Up 4.8 %
Shares of EnerSys stock traded up $2.85 during trading on Tuesday, hitting $62.62. The company's stock had a trading volume of 5,717 shares, compared to its average volume of 211,795. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.88 and a current ratio of 3.07. The company has a fifty day simple moving average of $64.74 and a two-hundred day simple moving average of $65.48. The company has a market capitalization of $2.55 billion, a PE ratio of 19.34, a P/E/G ratio of 1.22 and a beta of 1.34. EnerSys has a 52 week low of $55.60 and a 52 week high of $86.82.
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EnerSys (NYSE:ENS – Get Rating) last released its quarterly earnings data on Wednesday, August 10th. The industrial products company reported $1.15 earnings per share for the quarter, meeting analysts' consensus estimates of $1.15. The business had revenue of $899.00 million during the quarter, compared to analyst estimates of $899.25 million. EnerSys had a net margin of 3.81% and a return on equity of 12.24%. Equities research analysts predict that EnerSys will post 4.76 earnings per share for the current year.
EnerSys Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 15th. EnerSys's payout ratio is presently 22.65%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on ENS shares. William Blair reaffirmed an "outperform" rating on shares of EnerSys in a research note on Monday, August 15th. StockNews.com raised shares of EnerSys from a "hold" rating to a "buy" rating in a research note on Friday, September 9th.
Institutional Trading of EnerSys
A number of institutional investors have recently made changes to their positions in ENS. Teacher Retirement System of Texas boosted its holdings in shares of EnerSys by 5.6% in the first quarter. Teacher Retirement System of Texas now owns 8,655 shares of the industrial products company's stock worth $645,000 after buying an additional 459 shares during the last quarter. State Street Corp lifted its holdings in EnerSys by 0.8% during the fourth quarter. State Street Corp now owns 1,292,002 shares of the industrial products company's stock valued at $102,146,000 after purchasing an additional 10,659 shares in the last quarter. Capital Management Corp VA lifted its holdings in EnerSys by 19.5% during the first quarter. Capital Management Corp VA now owns 55,199 shares of the industrial products company's stock valued at $4,116,000 after purchasing an additional 9,016 shares in the last quarter. Shellback Capital LP lifted its holdings in EnerSys by 8.5% during the first quarter. Shellback Capital LP now owns 601,024 shares of the industrial products company's stock valued at $44,818,000 after purchasing an additional 47,148 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in EnerSys by 187.9% during the first quarter. First Eagle Investment Management LLC now owns 31,668 shares of the industrial products company's stock valued at $2,361,000 after purchasing an additional 20,668 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company's stock.
EnerSys Company Profile
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EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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