David M. Shaffer Sells 20,000 Shares of EnerSys (NYSE:ENS) Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 20,000 shares of the stock in a transaction 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 directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

EnerSys Price Performance

Shares of ENS stock opened at $96.26 on Friday. The company’s 50-day simple moving average is $99.39 and its two-hundred day simple moving average is $101.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a one year low of $86.41 and a one year high of $112.53. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.63, a P/E/G ratio of 0.62 and a beta of 1.24.

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 company had revenue of $883.70 million for 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%. EnerSys’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. EnerSys’s payout ratio is currently 13.60%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ENS shares. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com lowered 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 issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Two 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of EnerSys in the 2nd quarter valued at about $25,000. UMB Bank n.a. raised its stake in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. GAMMA Investing LLC lifted its holdings in EnerSys by 141.8% during 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 period. Canada Pension Plan Investment Board bought a new stake in EnerSys during the 2nd quarter valued at $41,000. Finally, Mather Group LLC. increased its holdings 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 valued at $66,000 after acquiring an additional 501 shares during the period. 94.93% of the stock is currently owned by institutional investors.

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.