22,306 Shares in Energizer Holdings Inc (ENR) Purchased by Stevens Capital Management LP
Stevens Capital Management LP acquired a new position in Energizer Holdings Inc (NYSE:ENR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,306 shares of the company’s stock, valued at approximately $1,308,000.
Several other institutional investors have also recently modified their holdings of ENR. Advisory Services Network LLC lifted its stake in shares of Energizer by 443.8% in the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after buying an additional 1,611 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Energizer in the second quarter worth $129,000. Fortis Advisors LLC acquired a new stake in shares of Energizer in the second quarter worth $137,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Energizer by 128.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,231 shares of the company’s stock worth $189,000 after buying an additional 1,818 shares during the last quarter. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Energizer in the second quarter worth $202,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
A number of analysts have recently weighed in on ENR shares. Deutsche Bank boosted their price objective on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Royal Bank of Canada boosted their target price on shares of Energizer to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 26th. Bank of America lowered shares of Energizer from a “buy” rating to an “underperform” rating in a research report on Friday, November 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 target price on shares of Energizer in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.60.
Energizer (NYSE:ENR) last announced its earnings results on Thursday, November 15th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Energizer had a net margin of 5.20% and a return on equity of 549.70%. The business had revenue of $457.20 million for the quarter, compared to analyst estimates of $459.64 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Energizer’s revenue was down 1.7% compared to the same quarter last year. Analysts predict that Energizer Holdings Inc will post 3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from Energizer’s previous quarterly dividend of $0.29. Energizer’s payout ratio is 35.61%.
In other Energizer news, Director Robert V. Vitale purchased 4,160 shares of the stock in a transaction on Monday, November 19th. The shares were purchased at an average price of $47.89 per share, with a total value of $199,222.40. Following the acquisition, the director now directly owns 6,460 shares of the company’s stock, valued at approximately $309,369.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bill G. Armstrong sold 1,000 shares of the business’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $58.81, for a total transaction of $58,810.00. Following the completion of the sale, the director now directly owns 24,387 shares in the company, valued at approximately $1,434,199.47. The disclosure for this sale can be found here. Insiders sold a total of 3,000 shares of company stock worth $180,570 in the last three months. Insiders own 1.79% of the company’s stock.
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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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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