EnerSys (NYSE:ENS) CEO David M. Shaffer Sells 20,000 Shares of 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 shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EnerSys Stock Performance

Shares of ENS opened at $96.26 on Thursday. The firm 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 quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $99.48 and its two-hundred day moving average is $101.12. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Analysts forecast that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on ENS shares. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Institutional Trading of EnerSys

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in EnerSys by 0.9% during the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock worth $150,502,000 after buying an additional 13,524 shares during the last quarter. Earnest Partners LLC raised its position in shares of EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock valued at $120,978,000 after acquiring an additional 21,903 shares in the last quarter. Geode Capital Management LLC lifted its stake in EnerSys by 1.2% during the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock worth $96,584,000 after purchasing an additional 11,384 shares during the last quarter. AQR Capital Management LLC boosted its holdings in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after purchasing an additional 92,398 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

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.