Hussman Strategic Advisors Inc. Makes New Investment in Energizer Holdings, Inc. (NYSE:ENR)

Hussman Strategic Advisors Inc. bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,000 shares of the company's stock, valued at approximately $1,257,000. Hussman Strategic Advisors Inc. owned about 0.06% of Energizer as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Energizer by 1.5% during the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock worth $27,162,000 after purchasing an additional 13,453 shares during the period. Nuveen Asset Management LLC increased its position in Energizer by 17.7% in the 4th 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Energizer in the 4th quarter worth about $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Energizer by 18.1% in the 4th 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after acquiring an additional 18,082 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Energizer news, Director Donal L. Mulligan purchased 10,000 shares of the stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $236,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 277,645 shares of the company's stock, valued at approximately $6,016,567.15. The trade was 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 worth $578,140 over the last three months. Corporate insiders own 0.98% of the company's stock.

Energizer Trading Down 1.2%

Shares of NYSE:ENR traded down $0.27 during midday trading on Friday, hitting $22.92. The company had a trading volume of 1,716,754 shares, compared to its average volume of 750,158. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.52. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 31.40 and a beta of 0.63. The firm has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $27.38.

Energizer (NYSE:ENR - Get Free Report) last posted 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 business had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.24%. Energizer's dividend payout ratio (DPR) is 164.38%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial decreased their target price on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group decreased their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. UBS Group reduced their price objective on Energizer from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Barclays reduced their price objective 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. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.00.

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.