EnerSys (NYSE:ENS) Hits New 52-Week Low at $59.43

EnerSys (NYSE:ENS – Get Rating)’s share price hit a new 52-week low on Thursday . The stock traded as low as $59.43 and last traded at $59.59, with a volume of 1790 shares changing hands. The stock had previously closed at $63.67.

A number of equities analysts recently commented on ENS shares. StockNews.com downgraded EnerSys from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Oppenheimer cut their price target on EnerSys from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 27th.

The stock has a market cap of $2.40 billion, a P/E ratio of 17.58, a PEG ratio of 1.29 and a beta of 1.40. The company has a fifty day moving average of $66.70 and a 200 day moving average of $72.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.70 and a quick ratio of 1.73.

EnerSys (NYSE:ENS – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $907.00 million for the quarter, compared to analyst estimates of $872.18 million. EnerSys had a net margin of 4.29% and a return on equity of 12.44%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. As a group, analysts anticipate that EnerSys will post 5.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.19%. The ex-dividend date is Wednesday, June 15th. EnerSys’s payout ratio is 20.90%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in EnerSys by 10.0% during the 1st quarter. Bank of America Corp DE now owns 322,478 shares of the industrial products company’s stock worth $24,046,000 after purchasing an additional 29,439 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of EnerSys by 2.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,098,425 shares of the industrial products company’s stock valued at $81,910,000 after acquiring an additional 28,771 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of EnerSys by 1.4% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 480,600 shares of the industrial products company’s stock valued at $35,839,000 after acquiring an additional 6,600 shares in the last quarter. First National Bank of Omaha grew its holdings in shares of EnerSys by 10.4% during the 1st quarter. First National Bank of Omaha now owns 30,125 shares of the industrial products company’s stock valued at $2,246,000 after acquiring an additional 2,835 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of EnerSys by 34.9% during the 1st quarter. Jane Street Group LLC now owns 15,586 shares of the industrial products company’s stock valued at $1,162,000 after acquiring an additional 4,031 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

About EnerSys (NYSE:ENS)

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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