EnerSys (ENS) Reaches New 52-Week High at $70.50
EnerSys (NYSE:ENS)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $70.50 and last traded at $70.10, with a volume of 98,801 shares traded. The stock had previously closed at $69.75.
ENS has been the topic of several research reports. Maxim Group raised their price target 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. Zacks Investment Research raised shares of 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 raised their price target 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EnerSys currently has an average rating of “Buy” and an average target price of $71.33.
The company has a 50-day moving average price of $63.31 and a 200 day moving average price of $57.82. The stock has a market cap of $3.05 billion and a P/E ratio of 23.70.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. The firm had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. During the same quarter in the previous year, the company posted $1.00 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that EnerSys will post $4.45 EPS for the current fiscal year.
The business also recently declared 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, insider Holger P. Aschke sold 2,982 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were 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 approximately $1,543,632.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John D. Craig sold 67,800 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $58.88, for a total transaction of $3,992,064.00. Following the transaction, the director now directly owns 199,092 shares in the company, valued at $11,722,536.96. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of the company. State of Tennessee Treasury Department bought a new position in EnerSys during the fourth quarter worth $1,935,000. Bank of Montreal Can bought a new position in EnerSys during the fourth quarter worth $1,571,000. Finally, Trexquant Investment LP bought a new position in EnerSys during the fourth quarter worth $1,488,000.
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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