Insider Selling: EnerSys (NYSE:ENS) CEO Sells $240,000.00 in Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

EnerSys Stock Up 1.1 %

Shares of NYSE:ENS opened at $101.37 on Friday. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a market capitalization of $4.08 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. The business has a fifty day moving average price of $101.69 and a two-hundred day moving average price of $97.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.01. The company had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. Analysts forecast that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is 14.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday. Roth Mkm assumed coverage on shares of EnerSys in a report on Tuesday. They issued a “buy” rating and a $120.00 target price for the company. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, BTIG Research lowered shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Three investment 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 stock. According to data from MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Hedge Funds Weigh In On EnerSys

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after buying an additional 60,021 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in EnerSys by 83.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 17,384 shares of the industrial products company’s stock valued at $1,755,000 after acquiring an additional 7,899 shares during the period. Quantbot Technologies LP lifted its holdings in EnerSys by 867.8% during the first quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares during the last quarter. Seven Eight Capital LP purchased a new stake in EnerSys during the fourth quarter valued at about $893,000. Finally, Corient Private Wealth LLC boosted its position in EnerSys by 13.0% during the fourth quarter. Corient Private Wealth LLC now owns 156,368 shares of the industrial products company’s stock worth $15,787,000 after purchasing an additional 18,043 shares during the period. Hedge funds and other institutional investors 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.