GSA Capital Partners LLP Sells 43,002 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Key Points

• GSA Capital Partners LLP reduced its holdings in Energizer Holdings, Inc. by 36.5%, selling 43,002 shares and now owns about 0.10% of the company valued at $2,238,000.
• Insider transactions included Director Patrick J. Moore buying 10,000 shares at $23.10 per share, significantly increasing his ownership in the company by 200%.
• Energizer declared a quarterly dividend of $0.30 per share, which translates to an annual yield of 5.07%, despite a high dividend payout ratio of 164.38%.

GSA Capital Partners LLP cut its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,800 shares of the company's stock after selling 43,002 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of Energizer worth $2,238,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional purchased a new position in Energizer during the first quarter worth about $33,000. Public Employees Retirement System of Ohio purchased a new position in Energizer during the fourth quarter worth about $43,000. Curat Global LLC purchased a new position in Energizer during the first quarter worth about $53,000. Central Pacific Bank Trust Division grew its position in Energizer by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock worth $66,000 after buying an additional 500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Energizer by 21.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after buying an additional 360 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Energizer news, Director Patrick J. Moore acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at $346,500. The trade was a 200.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer directly owned 277,645 shares in the company, valued at $6,016,567.15. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by corporate insiders.

Energizer Trading Down 1.8%

Energizer stock traded down $0.40 during mid-day trading on Friday, reaching $22.13. 628,788 shares of the company traded hands, compared to its average volume of 854,432. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86. Energizer Holdings, Inc. has a 52-week low of $19.70 and a 52-week high of $39.51. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 30.39 and a beta of 0.63. The firm's 50 day moving average price is $22.00 and its 200 day moving average price is $26.72.

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

Energizer Dividend Announcement

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

Wall Street Analyst Weigh In

ENR has been the subject of several recent analyst reports. Barclays reduced their target price on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price objective on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Canaccord Genuity Group decreased their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their price objective on Energizer from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Truist Financial decreased 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.75.

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.