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 dated Monday, November 25th. The stock was 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 directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

EnerSys Stock Performance

Shares of EnerSys stock traded down $0.63 during trading on Wednesday, hitting $96.26. 151,244 shares of the company’s stock were exchanged, compared to its average volume of 248,729. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.62 and a beta of 1.24. The business has a 50-day simple moving average of $99.48 and a 200-day simple moving average of $101.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same quarter last year, the firm posted $1.84 EPS. The business’s revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

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

Institutional Investors Weigh In On EnerSys

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of EnerSys by 13.9% in the third quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock valued at $3,964,000 after purchasing an additional 4,657 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of EnerSys by 24.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 818 shares during the period. Geode Capital Management LLC boosted its position in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after acquiring an additional 11,384 shares during the last quarter. Barclays PLC raised its stake in EnerSys by 87.2% during the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after purchasing an additional 85,742 shares during the period. Finally, XTX Topco Ltd boosted its holdings in EnerSys by 22.4% in the 3rd quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 702 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENS has been the subject of a number of research analyst reports. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.