EnerSys (NYSE:ENS) insider Myles Jones sold 263 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $83.23, for a total value of $21,889.49. Following the sale, the insider now owns 33,066 shares of the company’s stock, valued at approximately $2,752,083.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of EnerSys (NYSE:ENS) traded up 0.29% during mid-day trading on Friday, reaching $79.97. The company had a trading volume of 335,140 shares. EnerSys has a 12 month low of $55.73 and a 12 month high of $84.74. The firm’s 50-day moving average is $80.44 and its 200 day moving average is $78.09. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 25.91 and a beta of 1.68.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, June 14th. EnerSys’s payout ratio is currently 22.65%.
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Institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new position in EnerSys during the third quarter worth approximately $690,000. Alambic Investment Management L.P. boosted its position in EnerSys by 24.0% in the third quarter. Alambic Investment Management L.P. now owns 4,440 shares of the industrial products company’s stock worth $307,000 after buying an additional 860 shares during the last quarter. WCM Investment Management CA acquired a new position in EnerSys during the third quarter worth approximately $861,000. Nordea Investment Management AB boosted its position in EnerSys by 2,492.3% in the third quarter. Nordea Investment Management AB now owns 285,150 shares of the industrial products company’s stock worth $19,730,000 after buying an additional 274,150 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in EnerSys by 87.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 36,242 shares of the industrial products company’s stock worth $2,508,000 after buying an additional 16,859 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded EnerSys from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday. Oppenheimer Holdings Inc. restated a “buy” rating on shares of EnerSys in a research note on Thursday, May 4th.
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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