BNP Paribas Financial Markets Trims Stake in Energizer Holdings, Inc. (NYSE:ENR)

BNP Paribas Financial Markets cut its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 80.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,873 shares of the company's stock after selling 45,796 shares during the period. BNP Paribas Financial Markets' holdings in Energizer were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. LSV Asset Management increased its holdings in shares of Energizer by 6.7% in the 4th quarter. LSV Asset Management now owns 1,812,700 shares of the company's stock worth $63,245,000 after buying an additional 114,600 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock valued at $35,695,000 after purchasing an additional 80,163 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Energizer by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock valued at $35,375,000 after purchasing an additional 30,185 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock valued at $33,680,000 after purchasing an additional 33,739 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Energizer by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock valued at $31,204,000 after purchasing an additional 32,618 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ENR shares. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Truist Financial cut their price target on shares of Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays upped their price target on shares of Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Finally, Canaccord Genuity Group dropped their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.63.

Energizer Stock Down 1.9%

Energizer stock traded down $0.44 during trading hours on Wednesday, reaching $22.87. The stock had a trading volume of 748,406 shares, compared to its average volume of 659,990. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.94 and a beta of 0.77. The business's 50 day moving average price is $26.15 and its 200-day moving average price is $31.32. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52. 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 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 for the quarter, compared to analysts' expectations of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 5.25%. Energizer's payout ratio is 164.38%.

Insiders Place Their Bets

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

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.