Energizer Holdings, Inc. (NYSE:ENR) Shares Bought by LSV Asset Management

Key Points

• LSV Asset Management increased its holdings in Energizer Holdings by 28.4% in Q1, owning 2,327,824 shares worth approximately $69.6 million.
• Several hedge funds significantly boosted their stakes in Energizer, with Millennium Management lifting its position by 66.7% in the fourth quarter.
• The latest insider trading report indicates that Director Patrick J. Moore purchased 10,000 shares at $23.10 each, increasing his ownership by 200%.

LSV Asset Management boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 28.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,327,824 shares of the company's stock after buying an additional 515,124 shares during the quarter. LSV Asset Management owned 3.22% of Energizer worth $69,648,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after purchasing an additional 496,146 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Energizer by 427.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after buying an additional 218,759 shares during the last quarter. Norges Bank acquired a new stake in Energizer in the fourth quarter valued at $7,277,000. JPMorgan Chase & Co. lifted its holdings in Energizer by 76.4% during the 4th quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock worth $14,461,000 after buying an additional 179,521 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Energizer during the 4th quarter worth about $5,043,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ENR shares. Truist Financial dropped their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group cut their price target on shares of Energizer from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays cut their price target on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Canaccord Genuity Group lowered their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $30.75.

Insider Activity

In other news, Director Patrick J. Moore bought 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $346,500. The trade was a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the acquisition, the chief executive officer owned 277,645 shares of the company's stock, valued at approximately $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 25,000 shares of company stock valued at $578,140 over the last quarter. Corporate insiders own 0.98% of the company's stock.

Energizer Stock Down 1.9%

Shares of NYSE:ENR opened at $22.09 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 30.26 and a beta of 0.63. The firm's 50-day simple moving average is $21.98 and its 200-day simple moving average is $26.57. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The firm had revenue of $662.90 million during the quarter, compared to analysts' expectations of $670.85 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.4%. Energizer's payout ratio is presently 164.38%.

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.

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