United Parcel Service Inc. (UPS) and EnerSys (ENS) Witness Insider Selling, While 3 Companies Showcase Insider Buying

This Battery Maker Had Two Insiders Unload Shares This Week

EnerSys (NYSE:ENS) had two corporate insiders offload shares earlier this week. To start with, Jeffrey W. Long, President of Americas at EnerSys, discarded 2,500 shares on Wednesday at prices varying from $58.74 to $59.04 per share, cutting his overall holding to 58,628 shares. Moreover, Nonexecutive Chairman John D. Craig, who served as the Chief Executive Officer of EnerSys from November 2000 to the end of March of 2016, unloaded 60,000 shares on Tuesday and 7,800 shares on Wednesday at prices ranging from $58.60 to $59.69 per share. Following the recent sales, Mr. Craig continues to own 191,292 shares.

The shares of the world’s largest manufacturer and distributor of industrial batteries are up by 79% in the past five years and by 6% in 2016, which partly explains the executives’ freshly-completed sales. EnerSys (NYSE:ENS) posted net sales of $2.32 billion for its fiscal year 2016 that ended March 31, down by 8% year-over-year due to foreign currency headwinds and lower organic volume. Royce & Associates, founded by Chuck Royce, reported owning 757,500 shares of EnerSys (NYSE:ENS) in its latest quarterly 13F filing.

This Delivery Company’s Retiring Executive Sells Some Shares

Chief Information and Global Business Officer of United Parcel Service Inc. (NYSE:UPS), David A. Barnes, sold 11,711 shares on Wednesday at prices that fell between $102.45 to $102.51 per share, cutting his ownership to 150,746 shares. However, the insider sale does not seem surprising considering that Mr. Barnes has elected to retire after 38 years with the company.

The world’s largest air delivery and freight services company has seen its shares gain 7% since the beginning of the year. United Parcel Service Inc. (NYSE:UPS)’s revenue for the first quarter of 2016 increased to $14.42 billion from $13.98 billion recorded a year prior. At the same time, the company’s total volume in the U.S market rose by 4.5% year-over-year due to sustained growth in e-commerce and one additional operating day. The number of asset managers that we track with stakes in UPS dropped to 35 from 36 during the first quarter. Adage Capital Management, founded by Phillip Gross and Robert Atchinson, has 930,400 shares of United Parcel Service Inc. (NYSE:UPS) in its portfolio at the end of March.

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