StockNews.com Lowers EnerSys (NYSE:ENS) to Buy

EnerSys (NYSE:ENS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Separately, BTIG Research lowered shares of EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th.

EnerSys Stock Performance

Shares of EnerSys stock traded up $1.60 during mid-day trading on Friday, hitting $109.91. 231,329 shares of the stock were exchanged, compared to its average volume of 241,872. EnerSys has a 12 month low of $83.27 and a 12 month high of $111.42. The company has a 50-day simple moving average of $104.97 and a 200 day simple moving average of $97.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The company has a market capitalization of $4.42 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.68 and a beta of 1.28.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company had revenue of $910.70 million during the quarter, compared to analyst estimates of $893.64 million. During the same quarter last year, the business posted $1.82 EPS. EnerSys’s quarterly revenue was down 8.0% compared to the same quarter last year. Sell-side analysts anticipate that EnerSys will post 8.74 earnings per share for the current fiscal year.

Institutional Trading of EnerSys

Several hedge funds have recently added to or reduced their stakes in ENS. Vanguard Group Inc. increased its position in shares of EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after acquiring an additional 60,021 shares during the period. Janus Henderson Group PLC increased its position in shares of EnerSys by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock valued at $123,412,000 after acquiring an additional 14,531 shares during the period. Principal Financial Group Inc. increased its position in shares of EnerSys by 3.8% in the first quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock valued at $84,512,000 after acquiring an additional 32,730 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of EnerSys by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 750,960 shares of the industrial products company’s stock valued at $75,817,000 after acquiring an additional 22,202 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of EnerSys by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 560,347 shares of the industrial products company’s stock valued at $56,573,000 after acquiring an additional 6,758 shares during the period. 94.93% of the stock is owned by institutional investors.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.