Jeffrey W. Long Sells 5,000 Shares of EnerSys (ENS) Stock
EnerSys (NYSE:ENS) insider Jeffrey W. Long sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $78.83, for a total value of $394,150.00. Following the sale, the insider now directly owns 54,638 shares in the company, valued at approximately $4,307,113.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
EnerSys (NYSE:ENS) opened at 79.11 on Wednesday. The stock has a market cap of $3.44 billion, a P/E ratio of 25.40 and a beta of 1.62. EnerSys has a 1-year low of $42.60 and a 1-year high of $79.58. The company’s 50-day moving average price is $69.70 and its 200-day moving average price is $66.17.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Thursday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.07. EnerSys had a return on equity of 18.00% and a net margin of 5.84%. The firm had revenue of $576 million for the quarter, compared to analysts’ expectations of $584.87 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. EnerSys’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that EnerSys will post $4.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, December 14th. EnerSys’s payout ratio is 22.36%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised EnerSys from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, November 14th. Maxim Group raised their target price on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 12th.
Several hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of EnerSys by 11.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,577 shares of the company’s stock worth $109,000 after buying an additional 165 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of EnerSys by 26.3% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $143,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of EnerSys during the second quarter worth $182,000. LS Investment Advisors LLC boosted its stake in shares of EnerSys by 78.2% in the third quarter. LS Investment Advisors LLC now owns 2,837 shares of the company’s stock worth $196,000 after buying an additional 1,245 shares during the last quarter. Finally, Calvert Investment Management Inc. bought a new stake in shares of EnerSys during the second quarter worth $203,000. Institutional investors and hedge funds own 96.22% of the company’s stock.
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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