Traders Sell EnerSys (ENS) on Strength (ENS)
Investors sold shares of EnerSys (NYSE:ENS) on strength during trading on Thursday. $14.07 million flowed into the stock on the tick-up and $219.78 million flowed out of the stock on the tick-down, for a money net flow of $205.71 million out of the stock. Of all companies tracked, EnerSys had the 0th highest net out-flow for the day. EnerSys traded up $0.20 for the day and closed at $72.25
Several equities analysts recently commented on the stock. Maxim Group upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, June 2nd. Stifel Nicolaus upped their price target on shares of EnerSys from $67.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 6th. Finally, Zacks Investment Research upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, May 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EnerSys has an average rating of “Buy” and a consensus target price of $71.33.
The company has a 50-day moving average price of $65.52 and a 200 day moving average price of $58.89. The company has a market cap of $3.14 billion and a price-to-earnings ratio of 24.39.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.04. During the same period in the previous year, the business earned $1.00 earnings per share. The company had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that EnerSys will post $4.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, September 14th.
In other EnerSys news, VP Kerry M. Kane sold 2,500 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the vice president now directly owns 18,237 shares of the company’s stock, valued at $1,167,168. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John D. Craig sold 25,779 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $59.93, for a total transaction of $1,544,935.47. Following the transaction, the director now directly owns 181,602 shares in the company, valued at $10,883,407.86. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in EnerSys stock. Bank of Montreal Can acquired a new stake in shares of EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,086 shares of the company’s stock, valued at approximately $1,571,000. Bank of Montreal Can owned 0.06% of EnerSys as of its most recent SEC filing.
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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