Jeffrey W. Long Sells 5,000 Shares of EnerSys (ENS) Stock
EnerSys (NYSE:ENS) insider Jeffrey W. Long sold 5,000 shares of EnerSys stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $78.83, for a total value of $394,150.00. Following the completion of the sale, the insider now owns 54,638 shares of the company’s stock, valued at $4,307,113.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
EnerSys (NYSE:ENS) opened at 79.11 on Wednesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 25.40 and a beta of 1.62. The firm has a 50-day moving average of $69.70 and a 200-day moving average of $66.17. EnerSys has a one year low of $42.60 and a one year high of $79.58.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Thursday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $576 million for the quarter, compared to analyst estimates of $584.87 million. EnerSys had a return on equity of 18.00% and a net margin of 5.84%. EnerSys’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, analysts anticipate that EnerSys will post $4.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, December 14th. EnerSys’s dividend payout ratio is currently 22.36%.
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A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in EnerSys by 2.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 12,260 shares of the company’s stock worth $848,000 after buying an additional 310 shares in the last quarter. LPL Financial LLC raised its stake in shares of EnerSys by 2.0% in the third quarter. LPL Financial LLC now owns 3,400 shares of the company’s stock valued at $233,000 after buying an additional 66 shares during the period. Credit Suisse AG raised its stake in shares of EnerSys by 14.4% in the third quarter. Credit Suisse AG now owns 65,030 shares of the company’s stock valued at $4,499,000 after buying an additional 8,180 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of EnerSys by 394.4% in the third quarter. Ameritas Investment Partners Inc. now owns 16,964 shares of the company’s stock valued at $1,174,000 after buying an additional 13,533 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of EnerSys by 5,756.7% in the third quarter. Panagora Asset Management Inc. now owns 53,823 shares of the company’s stock valued at $3,724,000 after buying an additional 52,904 shares during the period. 96.22% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on the company. Maxim Group lifted their price objective on EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 12th. Zacks Investment Research upgraded EnerSys from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Monday, November 14th.
EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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