Fuller & Thaler Asset Management Inc. Sells 327,217 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Fuller & Thaler Asset Management Inc. trimmed its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318,974 shares of the company's stock after selling 327,217 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.83% of Energizer worth $46,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management lifted its stake in shares of Energizer by 6.7% in the fourth quarter. LSV Asset Management now owns 1,812,700 shares of the company's stock worth $63,245,000 after buying an additional 114,600 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after acquiring an additional 80,163 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Energizer by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock worth $35,375,000 after acquiring an additional 30,185 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock worth $33,680,000 after acquiring an additional 33,739 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Energizer by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock worth $31,204,000 after acquiring an additional 32,618 shares during the last quarter. Institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Energizer from $32.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Truist Financial cut their price objective on shares of Energizer from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. UBS Group cut their price objective on shares of Energizer from $36.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $33.75.

Energizer Stock Up 0.6 %

ENR stock traded up $0.18 during mid-day trading on Tuesday, reaching $27.12. The company had a trading volume of 102,862 shares, compared to its average volume of 604,016. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $28.89 and a two-hundred day simple moving average of $32.59. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 34.29 and a beta of 0.92. Energizer Holdings, Inc. has a 52 week low of $25.42 and a 52 week high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to analysts' expectations of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a dividend yield of 4.43%. Energizer's dividend payout ratio is currently 151.90%.

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.