Energizer Holdings, Inc. (NYSE:ENR) Holdings Lifted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,442 shares of the company's stock after purchasing an additional 22,091 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.25% of Energizer worth $6,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 753 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Energizer by 21.6% during 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 acquired a new position in Energizer during the 4th quarter worth approximately $82,000. Hager Investment Management Services LLC acquired a new position in Energizer during the 4th quarter worth approximately $102,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Energizer in the 4th quarter worth approximately $112,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the acquisition, the chief executive officer now directly owns 277,645 shares of the company's stock, valued at $6,016,567.15. This represents a 1.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $236,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 25,000 shares of company stock valued at $578,140. Insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ENR. Truist Financial reduced their target price on shares of Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, UBS Group cut their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Energizer presently has an average rating of "Hold" and a consensus target price of $31.63.

Energizer Stock Performance

Shares of ENR stock traded down $0.04 on Tuesday, hitting $23.79. 780,390 shares of the stock traded hands, compared to its average volume of 655,448. The company's fifty day moving average is $26.99 and its 200 day moving average is $31.73. Energizer Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $39.52. The company has a market capitalization of $1.72 billion, a PE ratio of 30.11 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

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

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer's payout ratio is 164.38%.

Energizer Company 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.