Harvest Fund Management Co. Ltd grew its stake in Energizer Holdings Inc (NYSE:ENR) by 128.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,231 shares of the company’s stock after purchasing an additional 1,818 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Energizer were worth $189,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its position in shares of Energizer by 18.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,742 shares of the company’s stock valued at $362,000 after purchasing an additional 894 shares during the period. MainStreet Investment Advisors LLC raised its position in shares of Energizer by 15.3% in the second quarter. MainStreet Investment Advisors LLC now owns 7,151 shares of the company’s stock valued at $450,000 after purchasing an additional 950 shares during the period. Foundry Partners LLC raised its position in shares of Energizer by 0.5% in the second quarter. Foundry Partners LLC now owns 202,248 shares of the company’s stock valued at $12,734,000 after purchasing an additional 965 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Energizer by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 19,047 shares of the company’s stock valued at $1,199,000 after purchasing an additional 996 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Energizer by 2.4% in the third quarter. Arizona State Retirement System now owns 42,440 shares of the company’s stock valued at $2,489,000 after purchasing an additional 1,001 shares during the period. 95.75% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Energizer from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Jefferies Financial Group raised shares of Energizer to a “buy” rating and set a $80.00 price target on the stock in a research report on Thursday, July 19th. Deutsche Bank raised their price target on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Morgan Stanley raised their price target on shares of Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 2nd. Finally, Bank of America raised their price target on shares of Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Energizer presently has an average rating of “Hold” and an average target price of $68.20.
NYSE:ENR opened at $58.75 on Friday. Energizer Holdings Inc has a 52 week low of $40.64 and a 52 week high of $65.57. The stock has a market cap of $3.51 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.20 and a beta of 0.70. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82.
Energizer (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The business had revenue of $392.80 million for the quarter, compared to analyst estimates of $389.13 million. During the same period last year, the firm earned $0.43 earnings per share. Energizer’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Energizer Holdings Inc will post 3.36 earnings per share for the current year.
In other Energizer news, Director Bill G. Armstrong sold 1,000 shares of the stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $58.81, for a total transaction of $58,810.00. Following the sale, the director now directly owns 24,387 shares in the company, valued at $1,434,199.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.79% of the company’s stock.
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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