Man Group plc Lowers Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Man Group plc lowered its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,307 shares of the company's stock after selling 10,945 shares during the quarter. Man Group plc's holdings in Energizer were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ENR. Barclays PLC raised its holdings in Energizer by 100.9% during the 3rd quarter. Barclays PLC now owns 139,890 shares of the company's stock worth $4,443,000 after purchasing an additional 70,254 shares during the last quarter. KBC Group NV lifted its holdings in Energizer by 5,308.0% in the fourth quarter. KBC Group NV now owns 89,664 shares of the company's stock valued at $3,128,000 after buying an additional 88,006 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Energizer by 5.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company's stock valued at $357,000 after buying an additional 485 shares during the period. R Squared Ltd acquired a new stake in Energizer during the 4th quarter worth about $82,000. Finally, Capital Insight Partners LLC raised its position in shares of Energizer by 7.2% in the 4th quarter. Capital Insight Partners LLC now owns 14,802 shares of the company's stock worth $516,000 after acquiring an additional 990 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Energizer Price Performance

Shares of Energizer stock traded up $0.43 during trading on Thursday, hitting $23.26. The stock had a trading volume of 847,903 shares, compared to its average volume of 661,979. 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 Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $39.52. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 29.45 and a beta of 0.77. The business's 50-day moving average is $25.89 and its 200 day moving average is $31.19.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly 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 firm had revenue of $662.90 million for the quarter, compared to analysts' expectations of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.16%. Energizer's dividend payout ratio (DPR) is 164.38%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ENR shares. UBS Group lowered their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wall Street Zen lowered Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Truist Financial lowered their target price on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group decreased their price target on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Seven equities research 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, Energizer presently has an average rating of "Hold" and an average price target of $31.63.

Insider Activity

In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price 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 in the company, valued at approximately $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Patrick J. Moore acquired 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was bought at an average price of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $346,500. The trade was a 200.00% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 25,000 shares of company stock valued at $578,140. Corporate 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.