XTX Topco Ltd Lowers Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Key Points

• XTX Topco Ltd has reduced its stake in Energizer Holdings, Inc. by 53.8%, now holding 8,890 shares valued at $266,000 after selling 10,352 shares in the first quarter.
• The company reported $1.13 earnings per share in its latest earnings report, significantly exceeding the consensus estimate of $0.61, with revenues of $725.30 million.
• Energizer recently announced a quarterly dividend of $0.30 per share set to be paid on September 10, representing a 4.3% yield on an annualized basis.

XTX Topco Ltd reduced its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,890 shares of the company's stock after selling 10,352 shares during the quarter. XTX Topco Ltd's holdings in Energizer were worth $266,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Energizer by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock valued at $27,162,000 after purchasing an additional 13,453 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Energizer by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after buying an additional 45,638 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Energizer in the 4th quarter worth approximately $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 last quarter. Finally, GAMMA Investing LLC boosted its position 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 institutional investors and hedge funds.

Energizer Stock Performance

Shares of ENR opened at $27.95 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. Energizer Holdings, Inc. has a 52-week low of $19.70 and a 52-week high of $39.51. The company has a 50-day simple moving average of $22.70 and a 200-day simple moving average of $26.26. The company has a market capitalization of $1.91 billion, a PE ratio of 8.05 and a beta of 0.63.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $692.67 million. During the same period in the prior year, the business posted $0.79 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Energizer's payout ratio is presently 34.58%.

Analyst Upgrades and Downgrades

ENR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Energizer from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group reaffirmed a "neutral" rating and issued a $29.00 target price (up previously from $23.00) on shares of Energizer in a report on Tuesday, August 5th. Barclays raised their target price on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group decreased their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.43.

Insider Transactions at Energizer

In related news, Director Donal L. Mulligan purchased 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at $236,600. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.98% of the company's stock.

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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