Mariner LLC Acquires 80,106 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Mariner LLC increased its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 39.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 285,016 shares of the company’s stock after purchasing an additional 80,106 shares during the quarter. Mariner LLC owned 0.39% of Energizer worth $9,944,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in shares of Energizer by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company’s stock worth $262,000 after acquiring an additional 477 shares in the last quarter. Optimize Financial Inc bought a new position in Energizer during the 4th quarter worth about $534,000. LSV Asset Management raised its stake in shares of Energizer by 6.7% in the 4th quarter. LSV Asset Management now owns 1,812,700 shares of the company’s stock valued at $63,245,000 after purchasing an additional 114,600 shares during the period. Invesco Ltd. lifted its holdings in shares of Energizer by 14.6% in the fourth quarter. Invesco Ltd. now owns 493,132 shares of the company’s stock valued at $17,205,000 after purchasing an additional 62,715 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Energizer by 4.1% during the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock worth $418,000 after buying an additional 470 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ENR shares. Barclays cut their target price on Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. UBS Group reduced their target price on shares of Energizer from $36.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their target price on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average price target of $35.00.

Energizer Trading Up 2.5 %

Shares of NYSE:ENR opened at $26.69 on Friday. Energizer Holdings, Inc. has a 52-week low of $25.42 and a 52-week high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The company has a market capitalization of $1.93 billion, a P/E ratio of 33.78 and a beta of 0.92. The company has a 50-day simple moving average of $29.50 and a 200 day simple moving average of $32.80.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s payout ratio is 151.90%.

About Energizer

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.