David M. Shaffer Sells 17,600 Shares of EnerSys (NYSE:ENS) Stock

EnerSys (NYSE:ENS) CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

EnerSys Stock Performance

ENS traded up $1.14 on Friday, reaching $101.37. 234,876 shares of the stock were exchanged, compared to its average volume of 246,384. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50. The company’s 50-day moving average price is $101.78 and its 200 day moving average price is $97.69. The firm has a market capitalization of $4.08 billion, a PE ratio of 15.50, a PEG ratio of 0.67 and a beta of 1.28. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53.

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

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend 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 dividend payout ratio (DPR) is 14.77%.

Wall Street Analysts Forecast Growth

ENS has been the subject of several recent analyst reports. Roth Mkm initiated coverage on shares of EnerSys in a research note on Tuesday. They set a “buy” rating and a $120.00 price objective for the company. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel lifted its holdings in EnerSys by 0.7% in the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 139 shares during the period. Creative Planning increased its holdings in shares of EnerSys by 60.4% during the 2nd quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock valued at $604,000 after purchasing an additional 2,196 shares in the last quarter. Silver Lake Advisory LLC lifted its stake in shares of EnerSys by 0.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company’s stock valued at $3,197,000 after purchasing an additional 260 shares during the period. Algert Global LLC purchased a new stake in EnerSys during the second quarter worth $4,505,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of EnerSys in the second quarter valued at approximately $244,000. 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.