Voloridge Investment Management LLC Takes $5.04 Million Position in Energizer Holdings, Inc. (NYSE:ENR)

Voloridge Investment Management LLC bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 144,549 shares of the company's stock, valued at approximately $5,043,000. Voloridge Investment Management LLC owned 0.20% of Energizer at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after buying an additional 496,146 shares during the period. Raymond James Financial Inc. purchased a new stake in Energizer in the 4th quarter worth about $11,718,000. Brandywine Global Investment Management LLC bought a new stake in Energizer in the 4th quarter valued at about $7,685,000. Balyasny Asset Management L.P. lifted its holdings in Energizer by 427.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after purchasing an additional 218,759 shares during the last quarter. Finally, Norges Bank bought a new position in Energizer during the fourth quarter worth about $7,277,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Performance

Shares of ENR stock remained flat at $23.28 on Friday. 1,442,419 shares of the company traded hands, compared to its average volume of 665,161. The stock has a market cap of $1.68 billion, a PE ratio of 29.47 and a beta of 0.77. The firm's 50 day moving average is $25.89 and its two-hundred day moving average is $31.19. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million during the quarter, compared to analysts' expectations of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.15%. Energizer's payout ratio is currently 164.38%.

Analyst Ratings Changes

ENR has been the topic of a number of recent research reports. 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 research note on Friday, May 16th. UBS Group dropped their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Finally, Truist Financial decreased their price target on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.63.

Insiders Place Their Bets

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the transaction, the chief executive officer now owns 277,645 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $236,600. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 25,000 shares of company stock valued at $578,140 in the last quarter. 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.