EnerSys (ENS) Shares Up 3.1%
Shares of EnerSys (NYSE:ENS) shot up 3.1% during mid-day trading on Wednesday . The company traded as high as $61.49 and last traded at $61.34, with a volume of 416,735 shares. The stock had previously closed at $59.51.
ENS has been the subject of several recent research reports. Maxim Group raised shares of EnerSys from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, June 2nd. 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. EnerSys currently has an average rating of “Buy” and a consensus target price of $67.50.
The company has a market capitalization of $2.64 billion and a price-to-earnings ratio of 20.39. The firm has a 50 day moving average price of $61.55 and a 200-day moving average price of $55.61.
EnerSys (NYSE:ENS) last posted its earnings results on Tuesday, May 31st. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company earned $611.40 million during the quarter, compared to analyst estimates of $599.72 million. On average, analysts expect that EnerSys will post $4.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.70 annualized dividend and a yield of 1.15%.
In other EnerSys news, Director John D. Craig sold 67,800 shares of EnerSys stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $58.88, for a total value of $3,992,064.00. Following the transaction, the director now directly owns 199,092 shares of the company’s stock, valued at approximately $11,722,536.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kerry M. Kane sold 2,500 shares of EnerSys stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the transaction, the vice president now directly owns 18,237 shares in the company, valued at $1,167,168. The disclosure for this sale can be found here.
Several hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new stake in EnerSys during the fourth quarter worth about $1,488,000. Bank of Montreal Can purchased a new stake in EnerSys during the fourth quarter worth about $1,571,000. Morgan Stanley boosted its stake in EnerSys by 5.5% in the fourth quarter. Morgan Stanley now owns 35,708 shares of the company’s stock worth $1,997,000 after buying an additional 1,857 shares in the last quarter. Boston Partners boosted its stake in EnerSys by 5.6% in the fourth quarter. Boston Partners now owns 761,584 shares of the company’s stock worth $42,595,000 after buying an additional 40,310 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in EnerSys by 0.5% in the fourth quarter. State of Wisconsin Investment Board now owns 111,029 shares of the company’s stock worth $6,210,000 after buying an additional 569 shares in the last quarter.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company also manufacture, market and distribute related products such as chargers, power equipment, outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries.
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