Harbor Capital Advisors Inc. Buys Shares of 14,724 Energizer Holdings, Inc. (NYSE:ENR)

Harbor Capital Advisors Inc. acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,724 shares of the company's stock, valued at approximately $441,000.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Energizer in the fourth quarter valued at about $43,000. Curat Global LLC acquired a new stake in Energizer in the first quarter valued at about $53,000. Smartleaf Asset Management LLC boosted its stake in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after buying an additional 753 shares in the last quarter. Central Pacific Bank Trust Division raised its position in Energizer by 29.4% in the first 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 during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ENR. JPMorgan Chase & Co. dropped their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. UBS Group dropped their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Truist Financial lowered their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays raised their price objective on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Finally, Canaccord Genuity Group lowered their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Seven 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.com, Energizer currently has a consensus rating of "Hold" and a consensus target price of $31.63.

Energizer Trading Down 4.2%

NYSE ENR traded down $0.90 during trading hours on Friday, hitting $20.71. 837,471 shares of the company's stock were exchanged, compared to its average volume of 688,011. The stock has a 50-day simple moving average of $24.38 and a 200 day simple moving average of $30.07. Energizer Holdings, Inc. has a 1-year low of $20.70 and a 1-year high of $39.52. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 26.22 and a beta of 0.68. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last released its 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 return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same period in the prior year, the business earned $0.72 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.79%. Energizer's payout ratio is 164.38%.

Insider Activity at Energizer

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