Engineers Gate Manager LP Purchases New Stake in Energizer Holdings Inc (ENR)

Engineers Gate Manager LP acquired a new position in shares of Energizer Holdings Inc (NYSE:ENR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,713 shares of the company’s stock, valued at approximately $2,097,000. Engineers Gate Manager LP owned approximately 0.07% of Energizer as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ENR. Teachers Advisors LLC lifted its stake in Energizer by 74.5% in the second quarter. Teachers Advisors LLC now owns 116,582 shares of the company’s stock valued at $5,598,000 after buying an additional 49,789 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Energizer by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 12,530 shares of the company’s stock valued at $602,000 after purchasing an additional 890 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Energizer by 13.4% in the second quarter. UBS Asset Management Americas Inc. now owns 52,326 shares of the company’s stock valued at $2,513,000 after purchasing an additional 6,177 shares during the period. Northern Trust Corp increased its holdings in shares of Energizer by 2.7% in the second quarter. Northern Trust Corp now owns 528,663 shares of the company’s stock valued at $25,387,000 after purchasing an additional 14,117 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Energizer by 0.6% in the second quarter. Vanguard Group Inc. now owns 5,221,575 shares of the company’s stock valued at $250,740,000 after purchasing an additional 28,652 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on ENR shares. Off Wall Street started coverage on Energizer in a report on Monday, October 30th. They set a “sell” rating on the stock. Citigroup lowered their target price on Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and lowered their target price for the company from $50.00 to $49.00 in a report on Thursday, January 4th. Morgan Stanley reduced their price objective on Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $59.22.

In other Energizer news, VP Emily K. Boss sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.00, for a total transaction of $420,000.00. Following the transaction, the vice president now owns 9,708 shares of the company’s stock, valued at approximately $543,648. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.79% of the company’s stock.

Energizer Holdings Inc (ENR) traded up $0.95 during mid-day trading on Wednesday, hitting $54.12. The stock had a trading volume of 270,299 shares, compared to its average volume of 1,206,930. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 29.02. Energizer Holdings Inc has a fifty-two week low of $40.64 and a fifty-two week high of $62.86. The firm has a market capitalization of $3,199.16, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.35 and a beta of 0.89.

Energizer (NYSE:ENR) last posted its earnings results on Wednesday, January 31st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. Energizer had a return on equity of 274.69% and a net margin of 9.40%. The business had revenue of $573.30 million during the quarter, compared to analyst estimates of $566.50 million. During the same quarter last year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts expect that Energizer Holdings Inc will post 3.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 16th. Energizer’s dividend payout ratio is presently 43.28%.

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About Energizer

Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.

Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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