EnerSys (NYSE:ENS) VP Sells $220,000.00 in Stock

EnerSys (NYSE:ENS) VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EnerSys Stock Down 0.3 %

Shares of ENS traded down $0.34 during mid-day trading on Wednesday, hitting $98.60. 178,752 shares of the company’s stock were exchanged, compared to its average volume of 246,496. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 0.67 and a beta of 1.28. The firm has a fifty day moving average of $102.04 and a two-hundred day moving average of $97.66. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53.

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

EnerSys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s payout ratio is presently 14.77%.

Analyst Upgrades and Downgrades

ENS has been the subject of several research reports. BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Roth Mkm initiated coverage on shares of EnerSys in a research note on Tuesday. They issued a “buy” rating and a $120.00 price target on the stock. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Institutional Trading of EnerSys

Several hedge funds have recently added to or reduced their stakes in ENS. Thurston Springer Miller Herd & Titak Inc. bought a new stake in EnerSys in the 2nd quarter valued at $25,000. UMB Bank n.a. grew its holdings in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 94 shares during the last quarter. Covestor Ltd increased its position in EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of EnerSys during the second quarter worth approximately $41,000. 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.