Enersys (ENS) Files Form 4 Insider Selling : John D Craig Sells 67,800 Shares

Enersys (ENS): John D Craig , director of Enersys sold 67,800 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $59.19 per share for a total value of $3,991,758.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, John D Craig (director) sold 61,205 shares at $58.35 per share price.On Nov 9, 2015, Michael J Schmidtlein (Sr. VP Finance & CFO) sold 10,000 shares at $63.84 per share price.Also, On Jun 2, 2015, Richard W Zuidema (EVP & Secretary) sold 7,000 shares at $66.93 per share price.On Jun 2, 2015, Kerry M Kane (VP, Corporate Controller & PAO) sold 5,428 shares at $66.54 per share price.

EnerSys: On Wednesday, May 25, 2016 heightened volatility was witnessed in EnerSys which led to swings in the share price. The shares opened for trading at $58.87 and hit $59.81 on the upside , eventually ending the session at $59.42, with a gain of 1.23% or 0.72 points. The heightened volatility saw the trading volume jump to 2,62,845 shares. The 52-week high of the share price is $73.27 and the company has a market cap of $2,581 M . The 52-week low of the share price is at $42.6.

EnerSys Money Flow Index Chart

On May 5, 2016, EnerSys announced a cash dividend of $0.1750. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.

Company has been under the radar of several Street Analysts.EnerSys is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on May 6, 2016.

EnerSys is a manufacturer marketer and distributor of industrial batteries. The Company also manufacture market and distribute related products such as chargers power equipment outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries. The Company has two primary product lines: reserve power products and motive power products. Reserve power products are used for backup power for the continuous operation of critical applications in telecommunications systems uninterruptible power systems or UPS applications for computer and computer-controlled systems and other specialty power applications. Motive power products are used to provide power for electric industrial forklifts used in manufacturing warehousing and other material handling applications as well as mining equipment diesel locomotive starting and other rail equipment.

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