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EnerSys Buyback

OLI recorded this information on 11/5/2014

Company: EnerSys
Buyback: ENS buyback
$Amount Authorized: $214,000,000
Buyback Details: EnerSys (NYSE: ENS) the global leader in stored energy solutions for industrial applications, announced today the establishment of a new $60 million stock repurchase authorization. With this authorization, the total stock repurchase program in fiscal 2015 is $214 million. The Company had repurchased $121 million of EnerSys stock through the second quarter of fiscal 2015. The authorized repurchases will be made from time to time in either the open market or through privately negotiated transactions. The timing, volume and nature of share repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when EnerSys might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. This repurchase program may be modified, extended or terminated by the Board of Directors at any time.

EnerSys is engaged in stored energy solutions for industrial applications. Co. has three reportable segments: Energy Systems, which includes uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems, switchgear and electrical control systems; Motive Power, which includes power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications; and Specialty, which includes starting, lighting and ignition applications in transportation, energy solutions for satellites, military aircraft, submarines, ships and other tactical vehicles as well as medical and security systems.

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Company Name: 
Enersys
Stock buyback: 
ENS buyback
Website: 
www.enersys.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding ENS: 
62
Total Market Value Held by ETFs: 
$655.94M
Total Market Capitalization: 
$3.11B
% of Market Cap. Held by ETFs: 
21.08%
 

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Strong Buy (3.50 out of 4)
48th percentile
(ranked lower than approx. 52% of all stocks covered)

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