Harbor Capital Advisors Inc. purchased a new position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,724 shares of the company's stock, valued at approximately $441,000.
A number of other hedge funds have also modified their holdings of the stock. Nuveen Asset Management LLC boosted its holdings in Energizer by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock worth $10,591,000 after purchasing an additional 45,638 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Energizer in the fourth quarter worth $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Energizer by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock worth $5,718,000 after purchasing an additional 25,105 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after purchasing an additional 753 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after purchasing an additional 80,163 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Energizer
In related news, CEO Mark Stephen Lavigne bought 4,000 shares of Energizer stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the purchase, the chief executive officer now owns 277,645 shares in the company, valued at approximately $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $23.66 per share, with a total value of $236,600.00. Following the purchase, the director now 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. Over the last 90 days, insiders purchased 25,000 shares of company stock worth $578,140. Company insiders own 0.98% of the company's stock.
Energizer Stock Performance
ENR stock traded down $0.49 during mid-day trading on Wednesday, reaching $20.00. 1,193,970 shares of the stock traded hands, compared to its average volume of 697,939. 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 52 week low of $19.97 and a 52 week high of $39.52. The business has a 50-day moving average of $24.00 and a two-hundred day moving average of $29.76. The firm has a market capitalization of $1.44 billion, a PE ratio of 27.40 and a beta of 0.68.
Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. During the same quarter last year, the company earned $0.72 earnings per share. The firm's revenue was down .1% on a year-over-year basis. As a group, equities analysts predict 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Wednesday, May 21st. Energizer's payout ratio is presently 164.38%.
Analyst Ratings Changes
A number of brokerages recently issued reports on ENR. UBS Group decreased their price objective on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Canaccord Genuity Group decreased their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Truist Financial decreased their price target on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $31.63.
View Our Latest Stock Analysis on Energizer
About Energizer
(
Free Report)
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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