Curat Global LLC Takes $53,000 Position in Energizer Holdings, Inc. (NYSE:ENR)

Curat Global LLC bought a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,760 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in shares of Energizer by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company’s stock valued at $10,591,000 after acquiring an additional 45,638 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Energizer during the 4th quarter valued at approximately $4,701,000. Smartleaf Asset Management LLC raised its position in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the last quarter. Bank of New York Mellon Corp raised its position in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Energizer by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company’s stock valued at $5,718,000 after purchasing an additional 25,105 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Up 1.7%

Shares of NYSE:ENR opened at $22.43 on Friday. Energizer Holdings, Inc. has a 52-week low of $21.41 and a 52-week high of $39.52. The firm has a market capitalization of $1.62 billion, a P/E ratio of 28.39 and a beta of 0.68. The stock has a 50 day moving average price of $25.02 and a 200-day moving average price of $30.69. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. As a group, equities research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.35%. Energizer’s payout ratio is currently 164.38%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ENR shares. Truist Financial lowered their price target on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Barclays upped their price target on Energizer from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 16th. Finally, Canaccord Genuity Group lowered their price target on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.63.

Insider Buying and Selling

In related news, Director Patrick J. Moore purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $23.10 per share, for a total transaction of $231,000.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $346,500. This represents a 200.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the purchase, the chief executive officer now directly owns 277,645 shares in the company, valued at $6,016,567.15. The trade was a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $578,140 in the last 90 days. Insiders own 0.98% of the company’s stock.

Energizer 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, 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.