EnerSys (NYSE:ENS) CEO Sells $2,000,200.00 in Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

EnerSys Price Performance

NYSE ENS opened at $96.26 on Friday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock’s fifty day moving average price is $99.39 and its 200 day moving average price is $101.09. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share. As a group, equities research analysts forecast that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is currently 13.60%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in EnerSys in the second quarter valued at $25,000. UMB Bank n.a. lifted its holdings in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after buying an additional 94 shares during the period. GAMMA Investing LLC boosted its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in EnerSys during the second quarter worth about $41,000. Finally, Mather Group LLC. raised its position in EnerSys by 250.5% during the second quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENS shares. Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

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.