EnerSys (NYSE:ENS) CEO Sells $2,000,200.00 in Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EnerSys Trading Down 0.7 %

NYSE:ENS opened at $96.26 on Thursday. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The business has a fifty day moving average of $99.48 and a 200-day 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. The stock 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.

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

EnerSys Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 yield of 1.00%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s payout ratio is currently 13.60%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENS shares. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Roth Mkm restated 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EnerSys presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Hedge Funds Weigh In On EnerSys

Several hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its stake in EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after buying an additional 45,881 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of EnerSys by 354.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after purchasing an additional 50,958 shares during the last quarter. Comerica Bank grew its stake in shares of EnerSys by 12.1% in the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after purchasing an additional 6,133 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of EnerSys by 832.0% in the 2nd quarter. SG Americas Securities LLC now owns 18,612 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 16,615 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in EnerSys by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after purchasing an additional 5,682 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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.