Algert Global LLC Acquires Shares of 30,760 Energizer Holdings, Inc. (NYSE:ENR)

Algert Global LLC bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,760 shares of the company's stock, valued at approximately $1,073,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after buying an additional 753 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after buying an additional 360 shares during the period. R Squared Ltd bought a new stake in shares of Energizer during the fourth quarter worth $82,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Energizer during the fourth quarter valued at $102,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Down 2.7 %

Shares of ENR stock opened at $21.54 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 27.27 and a beta of 0.77. Energizer Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $39.52. The firm has a fifty day moving average of $27.82 and a 200-day moving average of $32.11. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.57%. Energizer's dividend payout ratio (DPR) is presently 164.38%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Canaccord Genuity Group dropped their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. StockNews.com lowered shares of Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Barclays reduced their price target on Energizer from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Truist Financial dropped their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $31.50.

Energizer Profile

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.

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