EnerSys (ENS) Sees Strong Trading Volume
Shares of EnerSys (NYSE:ENS) saw strong trading volume on Thursday . 6,828,949 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 3,534,835 shares.The stock last traded at $72.25 and had previously closed at $72.05.
A number of analysts have recently weighed in on the stock. Maxim Group raised their price target on shares of EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 12th. Zacks Investment Research raised shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus increased their price objective on shares of EnerSys from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.33.
The company’s 50-day moving average is $65.52 and its 200 day moving average is $58.89. The company has a market capitalization of $3.14 billion and a PE ratio of 24.39.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. The business had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that EnerSys will post $4.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.97%.
In other EnerSys news, insider Holger P. Aschke sold 2,982 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $63.43, for a total transaction of $189,148.26. Following the sale, the insider now directly owns 24,336 shares in the company, valued at $1,543,632.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kerry M. Kane sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the vice president now owns 18,237 shares in the company, valued at $1,167,168. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in EnerSys stock. Bank of Montreal Can purchased a new position in EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,086 shares of the company’s stock, valued at approximately $1,571,000. Bank of Montreal Can owned about 0.06% of EnerSys at the end of the most recent quarter.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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