EnerSys (NYSE:ENS) Hits New 1-Year Low – Here’s What Happened

EnerSys (NYSE:ENS)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $84.89 and last traded at $85.22, with a volume of 92383 shares changing hands. The stock had previously closed at $93.01.

Analysts Set New Price Targets

ENS has been the topic of several research analyst reports. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, EnerSys has an average rating of “Buy” and a consensus price target of $117.50.

EnerSys Price Performance

The business’s fifty day moving average price is $98.21 and its 200-day moving average price is $97.56. The company has a market capitalization of $3.28 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, sell-side analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

Hedge Funds Weigh In On EnerSys

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after buying an additional 204 shares during the last quarter. Headlands Technologies LLC increased its stake in EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board lifted its position in EnerSys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in shares of EnerSys during the fourth quarter valued at approximately $47,000. Finally, Covestor Ltd grew its holdings in shares of EnerSys by 32.4% in the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Company Profile

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.