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 equities 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
A number of analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of EnerSys from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Maxim Group increased their price objective on shares of EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Zacks Investment Research raised shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.33.
The company has a market capitalization of $3.04 billion and a P/E ratio of 23.63. The firm’s 50-day moving average is $65.79 and its 200-day moving average is $59.07.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Equities analysts predict that EnerSys will post $4.45 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.70 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, September 14th.
In other EnerSys news, Director John D. Craig sold 25,779 shares of EnerSys 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 sale, the director now directly owns 181,602 shares in the company, valued at approximately $10,883,407.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kerry M. Kane sold 2,500 shares of EnerSys stock in a transaction that occurred 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 sale, the vice president now owns 18,237 shares of the company’s stock, valued at $1,167,168. The disclosure for this sale can be found here.
An institutional investor recently bought a new position 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 filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the SEC.
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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