Aquatic Capital Management LLC Acquires New Stake in Energizer Holdings, Inc. (NYSE:ENR)

Aquatic Capital Management LLC bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,001 shares of the company's stock, valued at approximately $942,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its position in Energizer by 100.9% during the 3rd quarter. Barclays PLC now owns 139,890 shares of the company's stock valued at $4,443,000 after purchasing an additional 70,254 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Energizer by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company's stock valued at $583,000 after purchasing an additional 513 shares during the period. Tidal Investments LLC boosted its position in shares of Energizer by 48.9% during the third quarter. Tidal Investments LLC now owns 13,659 shares of the company's stock valued at $434,000 after purchasing an additional 4,487 shares in the last quarter. Principal Financial Group Inc. grew its stake in Energizer by 4.6% in the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company's stock worth $27,369,000 after purchasing an additional 37,713 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 buying an additional 356 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENR. Truist Financial lowered their target price on shares of Energizer from $45.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Canaccord Genuity Group dropped their target price on Energizer from $36.00 to $31.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. Finally, UBS Group reduced their price objective on shares of Energizer from $36.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.75.

Energizer Price Performance

ENR stock traded down $0.33 during trading on Monday, reaching $26.11. The company's stock had a trading volume of 826,861 shares, compared to its average volume of 611,193. Energizer Holdings, Inc. has a 1 year low of $25.42 and a 1 year high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company has a market capitalization of $1.88 billion, a P/E ratio of 32.99 and a beta of 0.77. The company's fifty day moving average is $28.56 and its 200-day moving average is $32.44.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results 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. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $731.70 million for the quarter, compared to analysts' expectations of $726.23 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid 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 4.60%. Energizer's payout ratio is currently 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.