In a recent transaction on August 30, 2024, Chad C. Uplinger, the President of Motive Power Global at EnerSys (NYSE:ENS), sold 500 shares of the company's common stock. The sale was executed at a price of $100.87 per share, resulting in a total value of $50,435.
This transaction has adjusted Uplinger's direct ownership in the company to 17,175.2358 shares following the sale. The sale occurred at a single price point, indicating a straightforward transaction without a range of prices.
Investors often monitor insider transactions as they can provide insights into the company's performance and executives' perspectives on the stock's value. The sale by a high-ranking executive like Uplinger may be of particular interest to current and potential shareholders.
EnerSys, based in Reading, PA, is known for its work in the miscellaneous electrical machinery, equipment, and supplies industry. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol ENS.
It is important for investors to consider the broader context of such transactions and the company's overall performance when assessing the significance of insider sales.
In other recent news, EnerSys has seen a number of notable developments. The industrial energy storage solutions provider recorded strong financial results, hitting a revenue target of $911 million and surpassing earnings expectations with $2.08 per share for the fourth quarter of fiscal 2024. Additionally, the company announced a 7% increase in its quarterly cash dividend to $0.24 per share, reflecting its robust financial health.
Roth/MKM initiated coverage of EnerSys with a Buy rating, expressing confidence in the company's role in the energy transition. The firm also highlighted potential upside from strategic mergers and acquisitions and the potential receipt of Department of Energy funding for a domestic lithium-ion battery plant.
EnerSys has also been strategically active, acquiring Bren-Tronics to bolster its defense applications and lithium product offerings. 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, with net sales expected between $860 million and $900 million for Q1, and between $3.675 billion and $3.825 billion for the full year. Adjusted diluted earnings per share are projected to range from $1.93 to $2.03 for Q1, and $8.55 to $8.95 for the full fiscal year.
InvestingPro Insights
With the recent insider transaction at EnerSys (NYSE:ENS), investors may be keen to understand the company's financial health and future prospects. According to InvestingPro data, EnerSys is currently trading at a P/E ratio of 15.03, which is considered low relative to its near-term earnings growth. The company's adjusted P/E ratio for the last twelve months as of Q1 2025 stands at 12.62, with a PEG ratio during the same period of 0.5, suggesting that the stock may be undervalued considering its earnings growth.
InvestingPro Tips highlight that EnerSys has maintained dividend payments for 12 consecutive years, and its liquid assets exceed short-term obligations, indicating a strong liquidity position. Moreover, the company operates with a moderate level of debt, which could be a reassuring factor for investors concerned about financial stability. Analysts predict that EnerSys will be profitable this year, and it has indeed been profitable over the last twelve months.
From a valuation standpoint, EnerSys's market capitalization stands at $4.07 billion, and the company boasts a robust gross profit margin of 28.3% for the last twelve months as of Q1 2025. Additionally, the company has experienced a significant EBITDA growth of 17.98% during the same period, underscoring operational efficiency.
For investors interested in dividend income, the dividend yield was recorded at 0.96% with a notable dividend growth of 37.14% in the last twelve months as of Q1 2025. These figures, combined with the InvestingPro Tips, offer a comprehensive view of EnerSys's financial health and could be a valuable resource for those considering an investment. For more detailed analysis and additional tips, visit InvestingPro at: https://www.investing.com/pro/ENS, where 6 more InvestingPro Tips are available to help inform your investment decisions.
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