EnerSys (NYSE:ENS) CEO Purchases $39,786.00 in Stock

EnerSys (NYSE:ENS - Get Free Report) CEO Shawn M. O'connell bought 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the purchase, the chief executive officer now owns 43,030 shares in the company, valued at $3,604,192.80. This represents a 1.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

EnerSys Price Performance

EnerSys stock traded up $1.49 during midday trading on Friday, reaching $87.06. The company's stock had a trading volume of 427,023 shares, compared to its average volume of 303,639. The stock's 50 day simple moving average is $87.08 and its 200 day simple moving average is $93.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The firm has a market capitalization of $3.41 billion, a PE ratio of 10.77, a P/E/G ratio of 0.57 and a beta of 1.08. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. The company had revenue of $974.80 million during the quarter, compared to analysts' expectations of $973.45 million. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 earnings per share. On average, equities research analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, June 13th. EnerSys's dividend payout ratio is presently 10.65%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ENS. Roth Mkm reiterated a "buy" rating and issued a $120.00 target price on shares of EnerSys in a report on Wednesday, May 14th. Roth Capital reaffirmed a "buy" rating on shares of EnerSys in a research report on Thursday, May 22nd.

Institutional Trading of EnerSys

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of EnerSys during the fourth quarter valued at about $49,222,000. Millennium Management LLC increased its stake in shares of EnerSys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock worth $38,335,000 after buying an additional 404,204 shares during the last quarter. Nuveen LLC acquired a new stake in EnerSys in the first quarter valued at $29,695,000. Boston Partners boosted its stake in EnerSys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in EnerSys by 113.0% during the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after acquiring an additional 158,617 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

EnerSys Company Profile

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.