Energizer Holdings, Inc. (NYSE:ENR) Stock Position Lowered by Versor Investments LP

Versor Investments LP decreased its position in Energizer Holdings, Inc. (NYSE:ENR) by 52.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,667 shares of the company’s stock after selling 17,113 shares during the period. Versor Investments LP’s holdings in Energizer were worth $547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Energizer by 1.6% in the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC raised its position in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after buying an additional 356 shares during the period. Avior Wealth Management LLC raised its position in Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after buying an additional 376 shares during the period. Sanctuary Advisors LLC lifted its stake in Energizer by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after acquiring an additional 392 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Energizer by 5.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock valued at $357,000 after acquiring an additional 485 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENR has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Canaccord Genuity Group increased their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price target on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, UBS Group reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus price target of $38.38.

Energizer Stock Down 0.5 %

Energizer stock opened at $30.74 on Friday. The company has a market capitalization of $2.22 billion, a P/E ratio of 38.91 and a beta of 1.06. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.51. The firm’s fifty day simple moving average is $33.50 and its 200-day simple moving average is $33.14. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. Energizer’s payout ratio is currently 151.90%.

Energizer Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.