EnerSys (ENS) Sees Unusually-High Trading Volume
EnerSys (NYSE:ENS) shares saw unusually-strong trading volume on Thursday . Approximately 6,828,949 shares changed hands during 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 research analysts have commented on ENS shares. Maxim Group upped their price target on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 25th. Finally, Stifel Nicolaus upped their price target on EnerSys from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $71.33.
The stock’s 50 day moving average is $65.79 and its 200 day moving average is $59.07. The company has a market cap of $3.04 billion and a price-to-earnings ratio of 23.63.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. During the same period last year, the business earned $1.00 earnings per share. The business had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that EnerSys will post $4.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 dividend yield of 1.00%.
In other news, Director John D. Craig sold 25,779 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 181,602 shares of the company’s stock, valued at approximately $10,883,407.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Holger P. Aschke sold 2,982 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $63.43, for a total transaction of $189,148.26. Following the transaction, the insider now directly owns 24,336 shares of the company’s stock, valued at $1,543,632.48. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in EnerSys stock. Bank of Montreal Can bought a new stake in EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 28,086 shares of the company’s stock, valued at approximately $1,571,000. Bank of Montreal Can owned approximately 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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