EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, has reported a recent transaction involving its President and CEO, David M. Shaffer. According to a recent filing with the Securities and Exchange Commission, Shaffer sold 2,400 shares of the company's common stock on August 26, 2024.
The shares were sold at prices ranging from $100.00 to $100.01, with the reported price reflecting a weighted average sale price. This sale resulted in a total transaction value of $240,000 for the CEO. Following the sale, Shaffer still holds 244,140.0056 shares of EnerSys common stock, directly owned.
The transaction details, available upon request, indicate that the sale was executed in multiple trades. As the President and CEO of EnerSys, Shaffer's transactions in company stock are closely watched by investors for insights into executive confidence and potential future performance of the company.
Investors and security holders of EnerSys, as well as the SEC staff, can request full information on the number of shares sold and the specific prices at which the transactions were carried out. This information provides additional transparency and allows shareholders to better understand the context of such trades.
EnerSys, headquartered in Reading, Pennsylvania, continues to operate at the forefront of the electrical machinery and equipment industry, with a focus on innovation and sustainability in its product offerings.
"In other recent news, EnerSys, a leading industrial energy storage solutions provider, reported robust financial results, meeting its revenue target of $911 million while exceeding earnings expectations with $2.08 per share for the fourth quarter of fiscal 2024. The company also announced a 7% increase in its quarterly cash dividend to $0.24 per share, reflecting its strong financial health. In addition, EnerSys has recently acquired Bren-Tronics, a strategic move aimed at enhancing its defense applications and lithium product offerings.
In an important development, Roth/MKM initiated coverage of EnerSys with a Buy rating, indicating confidence in the company's position within the energy sector and its capacity to address complex power challenges. The firm also highlighted the potential for EnerSys to receive Department of Energy funding for a domestic lithium-ion battery plant, which could significantly boost the company's prospects.
In recent developments, EnerSys shareholders elected David C. Habiger, Lauren Knausenberger, and Tamara Morytko to the company's Board and ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025. Looking ahead, EnerSys provided guidance for the first quarter and full fiscal year 2025, expecting net sales between $860 million and $900 million for Q1, and between $3.675 billion and $3.825 billion for the full year. The company's projected adjusted diluted earnings per share range from $1.93 to $2.03 for Q1, and $8.55 to $8.95 for the full fiscal year."
InvestingPro Insights
As EnerSys (NYSE:ENS) navigates the market, its financial strength and stock performance are key indicators of its stability and potential for growth. The company, known for its commitment to innovation and sustainability, is currently trading at a P/E ratio of 14.67, which is considered low relative to its near-term earnings growth. This suggests that the stock may be undervalued, presenting a potentially attractive opportunity for investors looking at the fundamentals.
One of the notable InvestingPro Tips for EnerSys is its consistent history of dividend payments, having maintained them for 12 consecutive years. This demonstrates a commitment to returning value to shareholders and can be a sign of financial health and stable cash flow within the company. Additionally, EnerSys operates with a moderate level of debt and has liquid assets that exceed its short-term obligations, providing it with a solid financial footing.
Looking at recent performance metrics from InvestingPro, EnerSys has shown resilience with a Gross Profit Margin of 28.3% over the last twelve months as of Q1 2025. The company's EBITDA growth during the same period was 17.98%, indicating an increase in profitability and operational efficiency. Furthermore, analysts predict that the company will be profitable this year, echoing the positive sentiment reflected in its financial results.
With more InvestingPro Tips available, investors can gain additional insights into EnerSys's performance and stock potential by visiting the dedicated page for EnerSys on InvestingPro. These tips, alongside the real-time data provided, can help investors make informed decisions about their investments in EnerSys.
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