Insider Buying: EnerSys (NYSE:ENS) CEO Purchases 475 Shares of Stock

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

EnerSys Stock Up 0.3%

Shares of ENS traded up $0.29 during midday trading on Thursday, hitting $85.77. The stock had a trading volume of 6,946 shares, compared to its average volume of 301,183. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a 50 day simple moving average of $87.21 and a two-hundred day simple moving average of $93.32. EnerSys has a twelve month low of $76.57 and a twelve month high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

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

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.12%. EnerSys's payout ratio is presently 10.65%.

Institutional Trading of EnerSys

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its holdings in EnerSys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after acquiring an additional 204 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in EnerSys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after acquiring an additional 325 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in EnerSys during the first quarter worth about $36,000. UMB Bank n.a. raised its holdings in EnerSys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in EnerSys by 937.2% in the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares during the period. Institutional investors own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

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

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.