Insider Selling: EnerSys Insider Unloads 8,000 Shares of Stock (ENS)
EnerSys (NYSE:ENS) Insider Todd M. Sechrist sold 8,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $64.05, for a total transaction of $512,400.00. Following the completion of the sale, the insider now directly owns 40,905 shares of the company’s stock, valued at approximately $2,619,965. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Maxim Group cut their price target on shares of EnerSys from $85.00 to $80.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of EnerSys from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $74.90 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $78.23.
EnerSys (NYSE:ENS) traded down 0.34% on Thursday, hitting $63.91. The stock had a trading volume of 187,533 shares. EnerSys has a 1-year low of $51.22 and a 1-year high of $74.17. The stock’s 50-day moving average is $64.04 and its 200-day moving average is $67.69. The company has a market cap of $2.974 billion and a P/E ratio of 20.17.
EnerSys (NYSE:ENS) last released its earnings data on Wednesday, August 6th. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.03. The company had revenue of $634.10 million for the quarter, compared to the consensus estimate of $657.82 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that EnerSys will post $4.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, September 10th.
EnerSys, is a manufacturer, marketer and distributor of industrial batteries. It manufactures , market and distributes related products, such as chargers, power equipment and battery accessories, and it provides related after-market and customer-support services for industrial batteries.
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