Raymond James & Associates Boosts Stake in Energizer (ENR)

Raymond James & Associates grew its holdings in Energizer (NYSE:ENR) by 182.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,694 shares of the company’s stock after acquiring an additional 24,368 shares during the quarter. Raymond James & Associates’ holdings in Energizer were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ENR. LSV Asset Management lifted its position in Energizer by 3,113.3% in the fourth quarter. LSV Asset Management now owns 1,349,600 shares of the company’s stock worth $64,753,000 after purchasing an additional 1,307,600 shares during the period. Virtus Fund Advisers LLC lifted its position in Energizer by 23.1% in the fourth quarter. Virtus Fund Advisers LLC now owns 3,769,760 shares of the company’s stock worth $180,873,000 after purchasing an additional 707,896 shares during the period. Boston Partners bought a new position in Energizer in the fourth quarter worth $15,499,000. Franklin Resources Inc. lifted its position in Energizer by 14.8% in the fourth quarter. Franklin Resources Inc. now owns 2,412,851 shares of the company’s stock worth $115,768,000 after purchasing an additional 310,878 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in Energizer by 53.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 786,935 shares of the company’s stock worth $37,757,000 after purchasing an additional 274,869 shares during the period. 97.24% of the stock is owned by institutional investors.

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Several research analysts recently commented on the company. Bank of America raised their target price on Energizer from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research cut Energizer from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Deutsche Bank cut Energizer from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $62.00 target price on shares of Energizer in a research report on Thursday, March 29th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of Energizer in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $61.50.

In other Energizer news, VP Susan K. Drath sold 13,904 shares of Energizer stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $63.27, for a total transaction of $879,706.08. Following the completion of the transaction, the vice president now directly owns 22,367 shares of the company’s stock, valued at $1,415,160.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $56.00, for a total value of $420,000.00. Following the transaction, the vice president now directly owns 9,708 shares of the company’s stock, valued at $543,648. The disclosure for this sale can be found here. 1.79% of the stock is currently owned by company insiders.

Shares of NYSE ENR opened at $58.03 on Friday. The firm has a market cap of $3,517.28, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.46 and a beta of 0.82. Energizer has a 52-week low of $40.64 and a 52-week high of $64.00. The company has a debt-to-equity ratio of 29.02, a current ratio of 1.90 and a quick ratio of 1.39.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. The company had revenue of $573.30 million during the quarter, compared to analysts’ expectations of $566.50 million. Energizer had a return on equity of 274.69% and a net margin of 9.40%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $1.51 earnings per share. sell-side analysts predict that Energizer will post 3.39 earnings per share for the current year.

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Energizer Profile

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.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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