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EnerSys (NYSE:ENS) CEO David M. Shaffer recently sold shares worth approximately $4.5 million, according to a recent filing. The transactions, which took place on February 19 and 20, involved the sale of common stock at prices ranging from $100.62 to $103.01 per share. The stock, currently trading at $102.1, has shown strong momentum with a 14.7% return over the past year. InvestingPro analysis suggests the stock is currently undervalued.
The sales were conducted through irrevocable trusts for the benefit of Shaffer’s adult children. Following these transactions, Shaffer holds 77,086.1099 shares directly, with additional shares held indirectly through various trusts. The company maintains strong fundamentals with a healthy P/E ratio of 12.5 and has maintained dividend payments for 13 consecutive years.
Investors may be interested in these developments as part of their broader analysis of the company’s stock performance and executive activity. For deeper insights into ENS’s valuation and growth potential, including 6 additional ProTips and comprehensive financial metrics, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, EnerSys reported fiscal third-quarter earnings that exceeded analyst expectations, with adjusted earnings per share (EPS) reaching approximately $3.12, surpassing the consensus estimate of about $2.70. Despite the earnings beat, revenue fell short by around 3%, totaling approximately $906 million, largely due to disruptions at a Motive Power customer’s plant. Following the earnings report, Oppenheimer analysts upgraded EnerSys from Perform to Outperform, setting a new price target of $115.00, citing a positive outlook on the company’s strategic execution and improved telecom capital expenditure forecasts. Additionally, EnerSys has secured $199 million from the U.S. Department of Energy to construct a new lithium-ion battery manufacturing facility in Greenville, South Carolina, aimed at bolstering the U.S. energy supply chain. The facility is expected to begin commercial production in 2028 and will cater to various sectors, including defense. BTIG analysts maintained a Neutral rating on EnerSys, noting the company’s increased EPS guidance for fiscal year 2025, which reflects anticipated tax credit benefits from the Inflation Reduction Act. Oppenheimer analysts also highlighted EnerSys’s strong margin performance and raised their EPS estimates for the company, emphasizing the potential for solid top-line growth in fiscal year 2026. These developments reflect EnerSys’s ongoing efforts to enhance its market position and capitalize on growth opportunities.
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