KBC Group NV Sells 87,114 Shares of Energizer Holdings, Inc. (NYSE:ENR)

KBC Group NV lessened its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 97.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,550 shares of the company's stock after selling 87,114 shares during the quarter. KBC Group NV's holdings in Energizer were worth $76,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ENR. Russell Investments Group Ltd. increased its stake in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after acquiring an additional 360 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Energizer by 2.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company's stock valued at $591,000 after acquiring an additional 386 shares during the period. Bank of Montreal Can raised its stake in Energizer by 4.1% in the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company's stock valued at $418,000 after acquiring an additional 470 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Energizer by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock valued at $262,000 after buying an additional 477 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of Energizer by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock valued at $66,000 after buying an additional 500 shares during the period. Institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ENR. Truist Financial cut their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective 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. Barclays upped their target price on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. UBS Group cut their price target on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group cut their price target on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.63.

Insiders Place Their Bets

In other news, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $236,600. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Moore acquired 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price 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 approximately $346,500. This represents a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 25,000 shares of company stock worth $578,140. Corporate insiders own 0.98% of the company's stock.

Energizer Price Performance

NYSE ENR opened at $21.75 on Wednesday. The business's fifty day moving average price is $22.29 and its 200-day moving average price is $28.09. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.79 and a beta of 0.63. 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 1-year low of $19.70 and a 1-year high of $39.52.

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

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.52%. Energizer's payout ratio is presently 164.38%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.