LSV Asset Management lowered its holdings in Energizer Holdings Inc (NYSE:ENR) by 85.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,048 shares of the company’s stock after selling 1,387,083 shares during the period. LSV Asset Management owned approximately 0.38% of Energizer worth $14,357,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ENR. Principal Financial Group Inc. raised its holdings in shares of Energizer by 94.1% during the 1st quarter. Principal Financial Group Inc. now owns 969,684 shares of the company’s stock valued at $57,774,000 after buying an additional 470,010 shares in the last quarter. Wells Fargo & Company MN grew its position in Energizer by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 262,988 shares of the company’s stock worth $16,558,000 after acquiring an additional 18,120 shares during the last quarter. Chicago Equity Partners LLC grew its position in Energizer by 229.0% during the 1st quarter. Chicago Equity Partners LLC now owns 65,465 shares of the company’s stock worth $3,900,000 after acquiring an additional 45,565 shares during the last quarter. Advisory Services Network LLC grew its position in Energizer by 443.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after acquiring an additional 1,611 shares during the last quarter. Finally, STA Wealth Management LLC bought a new position in Energizer during the 1st quarter worth approximately $346,000. 96.34% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Deutsche Bank raised their price target on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. UBS Group assumed coverage on Energizer in a research report on Thursday, July 19th. They set a “neutral” rating and a $68.00 price target on the stock. Jefferies Financial Group upgraded Energizer to a “buy” rating and set a $80.00 price target on the stock in a research report on Thursday, July 19th. Finally, Citigroup raised their price target on Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.20.
Shares of ENR stock opened at $60.55 on Friday. The company has a market capitalization of $3.75 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79. Energizer Holdings Inc has a fifty-two week low of $40.64 and a fifty-two week high of $65.57. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82.
Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. The firm had revenue of $392.80 million for the quarter, compared to analyst estimates of $389.13 million. Energizer had a return on equity of 359.49% and a net margin of 6.98%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. research analysts forecast that Energizer Holdings Inc will post 3.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Thursday, August 16th will be given a $0.29 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.92%. Energizer’s dividend payout ratio is currently 38.93%.
In other news, EVP Gregory T. Kinder sold 3,810 shares of Energizer stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $65.00, for a total value of $247,650.00. Following the sale, the executive vice president now directly owns 3,811 shares in the company, valued at approximately $247,715. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark Stephen Lavigne sold 12,484 shares of Energizer stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $65.08, for a total value of $812,458.72. Following the completion of the sale, the vice president now owns 22,394 shares in the company, valued at $1,457,401.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,794 shares of company stock worth $1,532,609. Corporate insiders own 1.79% of the company’s stock.