Quarry LP Grows Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Quarry LP lifted its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 189.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,567 shares of the company’s stock after purchasing an additional 2,333 shares during the period. Quarry LP’s holdings in Energizer were worth $124,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after acquiring an additional 1,500 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Energizer during the 4th quarter worth $82,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ENR shares. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. UBS Group decreased their price objective on Energizer from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Barclays decreased their price objective on Energizer from $32.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Finally, Canaccord Genuity Group decreased their price objective on Energizer from $36.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Energizer currently has an average rating of “Hold” and an average price target of $33.75.

Energizer Stock Up 0.9 %

ENR opened at $27.17 on Wednesday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The business has a 50 day simple moving average of $28.82 and a 200-day simple moving average of $32.55. The stock has a market capitalization of $1.96 billion, a P/E ratio of 34.39 and a beta of 0.92. Energizer Holdings, Inc. has a 12 month low of $25.42 and a 12 month high of $39.52.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm 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%. Energizer’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.42%. Energizer’s dividend payout ratio is presently 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.