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David M. Shaffer, the CEO of EnerSys (NYSE:ENS), recently sold a significant portion of his shares in the company. According to the latest SEC filings, Shaffer disposed of 15,662 shares of common stock on February 12, 2025, at a weighted average price of approximately $100.18 per share. This transaction netted him a total of around $1.57 million. The company, currently valued at $3.9 billion, maintains strong financial health with a current ratio of 3.06 and trades at an attractive P/E ratio of 12.2.
In addition to the sale, Shaffer also exercised stock options to acquire 15,662 shares at a price of $68.40 per share on the same day. Following these transactions, Shaffer holds 77,086 shares directly. InvestingPro analysis reveals the company has maintained dividend payments for 13 consecutive years and operates with moderate debt levels, signaling strong financial stability.
EnerSys, a key player in the electrical machinery and equipment sector, continues to be a focal point for investors monitoring executive stock movements. According to InvestingPro analysis, the stock currently trades below its Fair Value, presenting a potential opportunity for investors. Discover 6 additional exclusive ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, EnerSys reported exceeding consensus earnings per share (EPS) estimates for the third quarter of fiscal year 2025. The company also provided an optimistic fourth-quarter EPS guidance, despite a lower sales forecast. Analysts from Oppenheimer maintained an Outperform rating on EnerSys, citing a recovery in telecom orders and robust demand from data centers as contributing factors to the company's growth. The acquisition of Bren-Tronics was also mentioned as a positive influence on EnerSys's performance.
On the other hand, BTIG analysts kept a Neutral rating on EnerSys, despite the company's earnings beat. The company's revenue fell short, which was attributed to disruptions at a Motive Power customer's plant. However, EnerSys increased its adjusted EPS guidance for fiscal year 2025, reflecting anticipated annual tax credit benefits.
In addition, EnerSys secured a $199 million award from the U.S. Department of Energy to support the construction of a new lithium-ion battery manufacturing facility in Greenville, South Carolina. The construction is set to begin in 2025, with commercial production projected to start in 2028.
Lastly, Oppenheimer analysts upgraded EnerSys stock from Perform to Outperform, setting a new price target of $115.00. The upgrade reflects a positive outlook on several factors influencing the company's performance, including a brighter telecom capital expenditure forecast and progress on internal margin levers and strategic initiatives.
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