LSV Asset Management Lowers Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

LSV Asset Management decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,612,688 shares of the company's stock after selling 138,246 shares during the period. LSV Asset Management owned approximately 2.25% of Energizer worth $51,090,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Energizer in the 3rd quarter valued at about $503,000. Raymond James Financial Services Advisors Inc. lifted its stake in Energizer by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company's stock valued at $535,000 after acquiring an additional 324 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in Energizer by 6.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 12,076 shares of the company's stock worth $387,000 after acquiring an additional 729 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Energizer by 5.1% in the third quarter. New York State Teachers Retirement System now owns 105,872 shares of the company's stock valued at $3,392,000 after purchasing an additional 5,149 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Energizer by 5.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,066 shares of the company's stock worth $899,000 after purchasing an additional 1,389 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

ENR has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Energizer from $36.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Energizer currently has a consensus rating of "Hold" and a consensus target price of $35.00.

Energizer Stock Performance

Shares of NYSE ENR traded down $0.15 during trading hours on Friday, reaching $29.19. 361,403 shares of the stock were exchanged, compared to its average volume of 452,542. The stock's fifty day simple moving average is $28.39 and its 200 day simple moving average is $30.55. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 22.63 and a beta of 1.04. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $37.32. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $716.60 million during the quarter, compared to analysts' expectations of $710.73 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Tuesday, May 21st. Energizer's dividend payout ratio is presently 93.02%.

About Energizer

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.