Energizer Holdings Inc. (ENR) Sees Unusually-High Trading Volume
Energizer Holdings Inc. (NYSE:ENR) saw an uptick in trading volume on Monday . 894,847 shares changed hands during trading, an increase of 69% from the previous session’s volume of 530,688 shares.The stock last traded at $45.14 and had previously closed at $45.32.
A number of brokerages recently issued reports on ENR. Jefferies Group restated a “hold” rating on shares of Energizer Holdings in a report on Wednesday, August 10th. SunTrust Banks Inc. upped their target price on Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Citigroup Inc. upped their target price on Energizer Holdings from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research downgraded Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, TheStreet assumed coverage on Energizer Holdings in a report on Thursday, July 14th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.17.
The company has a 50 day moving average price of $48.95 and a 200 day moving average price of $46.47. The company has a market cap of $2.79 billion, a PE ratio of 21.69 and a beta of 0.52.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Energizer Holdings had a net margin of 8.07% and a negative return on equity of 565.91%. The firm earned $361 million during the quarter, compared to the consensus estimate of $356.69 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts predict that Energizer Holdings Inc. will post $2.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, August 17th. Energizer Holdings’s payout ratio is 48.31%.
In related news, VP Emily K. Boss sold 1,865 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total value of $92,429.40. Following the completion of the transaction, the vice president now owns 1,860 shares of the company’s stock, valued at approximately $92,181.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its position in shares of Energizer Holdings by 2,326.3% in the first quarter. Picton Mahoney Asset Management now owns 46,100 shares of the company’s stock worth $1,868,000 after buying an additional 44,200 shares during the last quarter. M&T Bank Corp increased its stake in shares of Energizer Holdings by 17.8% in the first quarter. M&T Bank Corp now owns 30,743 shares of the company’s stock valued at $1,244,000 after buying an additional 4,642 shares during the last quarter. Menta Capital LLC increased its stake in shares of Energizer Holdings by 42.3% in the first quarter. Menta Capital LLC now owns 48,037 shares of the company’s stock valued at $1,946,000 after buying an additional 14,287 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Energizer Holdings by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 5,600,298 shares of the company’s stock valued at $226,868,000 after buying an additional 482,457 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Energizer Holdings by 4.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,610 shares of the company’s stock valued at $308,000 after buying an additional 331 shares during the last quarter. 90.72% of the stock is owned by hedge funds and other institutional investors.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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