Energizer Holdings, Inc. (NYSE:ENR) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,132 shares of the company's stock after buying an additional 62,715 shares during the quarter. Invesco Ltd. owned approximately 0.68% of Energizer worth $17,205,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Energizer in the fourth quarter worth approximately $11,718,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Energizer during the 4th quarter worth $7,685,000. Norges Bank acquired a new position in shares of Energizer during the fourth quarter worth $7,277,000. JPMorgan Chase & Co. grew its stake in shares of Energizer by 76.4% during the fourth quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock worth $14,461,000 after purchasing an additional 179,521 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Energizer in the fourth quarter valued at $5,545,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Stock Performance

Shares of Energizer stock traded down $0.38 during trading on Friday, reaching $26.76. The company's stock had a trading volume of 58,471 shares, compared to its average volume of 603,347. The company has a 50-day moving average price of $29.07 and a two-hundred day moving average price of $32.63. Energizer Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $39.52. The firm has a market cap of $1.93 billion, a PE ratio of 33.87 and a beta of 0.92. 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 (NYSE:ENR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the firm posted $0.59 EPS. Energizer's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ENR. Truist Financial lowered their price objective on Energizer from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday. UBS Group lowered their price target on Energizer from $36.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group cut their price objective on shares of Energizer from $36.00 to $31.00 and set a "hold" rating on the stock in a report on Wednesday. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Energizer currently has a consensus rating of "Hold" and a consensus target price of $33.75.

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.