Energizer Holdings, Inc. (NYSE:ENR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 2,354.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,850 shares of the company's stock after purchasing an additional 18,082 shares during the period. GAMMA Investing LLC's holdings in Energizer were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in Energizer by 29.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock valued at $66,000 after purchasing an additional 500 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Energizer by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 492,055 shares of the company's stock valued at $17,168,000 after purchasing an additional 8,552 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Energizer in the 4th quarter valued at about $4,701,000. Jefferies Financial Group Inc. purchased a new position in Energizer in the 4th quarter valued at about $366,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Energizer during the 4th quarter worth about $339,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Energizer

In related news, CEO Mark Stephen Lavigne purchased 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the transaction, the chief executive officer now owns 277,645 shares of the company's stock, valued at $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Moore purchased 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $346,500. This represents a 200.00% increase in their position. The disclosure for this purchase can be found here. Insiders bought 25,000 shares of company stock valued at $578,140 over the last 90 days. 0.98% of the stock is owned by corporate insiders.

Energizer Trading Down 0.8%

NYSE ENR traded down $0.16 during mid-day trading on Friday, hitting $19.83. The company's stock had a trading volume of 1,339,570 shares, compared to its average volume of 700,427. Energizer Holdings, Inc. has a 52-week low of $19.70 and a 52-week high of $39.52. The stock's fifty day simple moving average is $23.74 and its two-hundred day simple moving average is $29.42. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a market capitalization of $1.43 billion, a P/E ratio of 27.16 and a beta of 0.68.

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

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.05%. The ex-dividend date was Wednesday, May 21st. Energizer's dividend payout ratio (DPR) is 164.38%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ENR shares. Canaccord Genuity Group decreased their target price 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. Barclays raised their target price on shares of Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. UBS Group decreased their target price on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial decreased 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. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.63.

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.