Systematic Financial Management LP Invests $2,358,000 in Energizer Holdings Inc. (ENR)
Systematic Financial Management LP acquired a new position in shares of Energizer Holdings Inc. (NYSE:ENR) during the second quarter, Holdings Channel reports. The institutional investor acquired 45,805 shares of the company’s stock, valued at approximately $2,358,000. Systematic Financial Management LP owned approximately 0.07% of Energizer Holdings at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. 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 worth $226,868,000 after buying an additional 482,457 shares during the period. RS Investment Management Co. LLC purchased a new stake in shares of Energizer Holdings during the second quarter worth $21,831,000. Neuberger Berman Group LLC increased its stake in shares of Energizer Holdings by 57.9% in the second quarter. Neuberger Berman Group LLC now owns 770,424 shares of the company’s stock worth $39,669,000 after buying an additional 282,446 shares during the period. Vernier Capital Partners LP purchased a new stake in shares of Energizer Holdings during the first quarter worth $11,177,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Energizer Holdings during the second quarter worth $9,863,000. 90.72% of the stock is owned by institutional investors.
Energizer Holdings Inc. (NYSE:ENR) traded down 0.33% during trading on Monday, reaching $45.17. 294,051 shares of the company were exchanged. The firm’s 50-day moving average is $49.44 and its 200 day moving average is $46.31. The company has a market capitalization of $2.80 billion, a P/E ratio of 21.71 and a beta of 0.52. Energizer Holdings Inc. has a one year low of $28.85 and a one year high of $53.41.
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 consensus estimate of $0.30 by $0.02. The firm had revenue of $361 million for the quarter, compared to analyst estimates of $356.69 million. Energizer Holdings had a negative return on equity of 565.91% and a net margin of 8.07%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts anticipate that Energizer Holdings Inc. will post $2.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $1.00 annualized dividend and a yield of 2.21%. Energizer Holdings’s dividend payout ratio (DPR) is presently 48.31%.
A number of analysts have recently weighed in on ENR shares. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Tuesday, June 28th. Jefferies Group upped their price target on shares of Energizer Holdings from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. downgraded shares of Energizer Holdings from a “buy” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $52.00 in a report on Tuesday, July 12th. They noted that the move was a valuation call. Citigroup Inc. started coverage on shares of Energizer Holdings in a report on Friday, June 10th. They set an “underweight” rating and a $54.00 price target for the company. Finally, SunTrust Banks Inc. upped their price target on shares of Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.17.
In other Energizer Holdings news, VP Emily K. Boss sold 1,865 shares of Energizer Holdings stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total value of $92,429.40. Following the transaction, the vice president now owns 1,860 shares in the company, valued at $92,181.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is owned by company insiders.
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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