Insider Selling: EnerSys (NYSE:ENS) CEO Sells 20,000 Shares of Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, 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 document filed with the SEC, which is available through this hyperlink.

EnerSys Stock Down 0.7 %

Shares of NYSE ENS traded down $0.63 during midday 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 company has a market cap of $3.83 billion, a PE ratio of 13.74, a P/E/G ratio of 0.62 and a beta of 1.24. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. 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 firm’s fifty day simple moving average is $99.48 and its 200-day simple moving average is $101.12.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. During the same period in the previous year, the company earned $1.84 earnings per share. EnerSys’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts predict that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of EnerSys during the 2nd quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of EnerSys by 141.8% during the 2nd 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 position in shares of EnerSys during the 2nd quarter worth $41,000. Finally, Mather Group LLC. boosted its position in shares of EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock worth $66,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

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.