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EnerSys (NYSE:ENS), a $4 billion market cap company currently trading at $102.19, saw CEO David Shaffer recently sell a significant portion of his holdings. According to a Form 4 filing with the Securities and Exchange Commission, Shaffer sold shares valued at approximately $1,150,604. The transactions occurred on February 25, 2025, with sale prices ranging from $100.42 to $102.03 per share. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with a healthy P/E ratio of 12.5.
These sales were executed through irrevocable trusts established for Shaffer’s adult children. Following the transactions, the trusts no longer hold shares, while Shaffer retains direct ownership of 77,086 shares. The sales reflect strategic financial decisions within the Shaffer family, with the CEO maintaining a substantial personal stake in EnerSys. The company demonstrates strong financial health with a current ratio of 3.06 and has maintained dividend payments for 13 consecutive years. For deeper insights into EnerSys’s financial metrics and additional ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, EnerSys reported third-quarter fiscal year 2025 earnings that exceeded analyst expectations, with adjusted earnings per share (EPS) of approximately $3.12, surpassing the consensus estimate of $2.70. However, the company’s revenue of around $906 million fell short of expectations due to disruptions at a customer’s plant. Despite this, EnerSys raised its EPS guidance for fiscal year 2025 to a range of $9.97-$10.07, reflecting anticipated tax credit benefits from the Inflation Reduction Act. In addition, EnerSys secured a $199 million award from the U.S. Department of Energy to construct a new lithium-ion battery manufacturing facility in South Carolina, slated to begin production in 2028.
Oppenheimer analysts upgraded EnerSys stock from Perform to Outperform, setting a price target of $115, citing a positive outlook on telecom capital expenditures and management transitions. They also noted that EnerSys is likely to surpass EPS expectations for the December quarter and anticipate upward revisions for fiscal years 2025-2026. BTIG, however, maintained a Neutral rating on the stock, despite the EPS beat, noting the revenue shortfall. EnerSys’s acquisition of Bren-Tronics has positively contributed to its performance, exceeding year-to-date expectations. The company’s strategic initiatives and cost optimization efforts are expected to drive growth and stronger financial results in the coming years.
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