Trexquant Investment LP Sells 118,460 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Trexquant Investment LP has reduced its stake in Energizer Holdings, Inc. by 50.1%, selling 118,460 shares, and now owns approximately 0.16% of the company worth $3.5 million.
• Analysts have positively adjusted their price targets for Energizer, with Truist Financial raising it from $30.00 to $35.00 and Barclays increasing it from $24.00 to $27.00.
• Energizer recently reported earnings of $1.13 per share, surpassing analysts’ expectations, and announced a quarterly dividend of $0.30 with a yield of 4.2%.

Trexquant Investment LP lessened its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 50.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,144 shares of the company's stock after selling 118,460 shares during the period. Trexquant Investment LP owned approximately 0.16% of Energizer worth $3,535,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ENR. Principal Financial Group Inc. boosted its stake in 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 buying an additional 13,453 shares during the period. Nuveen Asset Management LLC boosted its stake in Energizer by 17.7% during the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock worth $10,591,000 after buying an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Energizer during the fourth quarter worth $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Energizer by 18.1% during 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 buying an additional 25,105 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Energizer by 2,354.4% during the first quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock worth $564,000 after buying an additional 18,082 shares during the period. Institutional investors own 93.74% of the company's stock.

Wall Street Analyst Weigh In

ENR has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price objective on shares of Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Energizer from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group reissued a "neutral" rating and set a $29.00 target price (up from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Finally, Canaccord Genuity Group reduced their price target on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.43.

Energizer Trading Up 2.7%

ENR stock opened at $28.32 on Wednesday. The company has a market capitalization of $1.93 billion, a PE ratio of 8.16 and a beta of 0.69. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The firm's 50-day moving average is $24.86 and its 200 day moving average is $25.79. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Energizer's dividend payout ratio is 34.58%.

Energizer Company 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.

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