First Trust Advisors LP Boosts Stake in Energizer Holdings, Inc. (ENR)
First Trust Advisors LP boosted its stake in Energizer Holdings, Inc. (NYSE:ENR) by 213.3% during the second quarter, Holdings Channel reports. The firm owned 577,410 shares of the company’s stock after buying an additional 393,139 shares during the period. First Trust Advisors LP’s holdings in Energizer Holdings were worth $27,727,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in shares of Energizer Holdings by 10.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,773 shares of the company’s stock valued at $2,978,000 after buying an additional 6,445 shares during the period. Teachers Advisors LLC increased its stake in shares of Energizer Holdings by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 71,863 shares of the company’s stock valued at $3,206,000 after buying an additional 2,931 shares in the last quarter. Creative Planning increased its stake in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock valued at $111,000 after buying an additional 7 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Energizer Holdings by 2.5% in the first quarter. Capstone Asset Management Co. now owns 6,642 shares of the company’s stock valued at $370,000 after buying an additional 160 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Energizer Holdings during the first quarter valued at about $290,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Energizer Holdings, Inc. (ENR) opened at 41.48 on Wednesday. Energizer Holdings, Inc. has a one year low of $40.98 and a one year high of $60.07. The firm has a market capitalization of $2.57 billion, a P/E ratio of 13.77 and a beta of 0.57. The company has a 50-day moving average price of $45.71 and a 200 day moving average price of $52.32.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business had revenue of $372 million during the quarter, compared to analyst estimates of $390.88 million. During the same quarter in the previous year, the business earned $0.32 EPS. Energizer Holdings’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts expect that Energizer Holdings, Inc. will post $2.90 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, August 17th. Energizer Holdings’s payout ratio is presently 36.54%.
COPYRIGHT VIOLATION WARNING: “First Trust Advisors LP Boosts Stake in Energizer Holdings, Inc. (ENR)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/first-trust-advisors-lp-boosts-stake-in-energizer-holdings-inc-enr/1493823.html.
ENR has been the subject of several recent research reports. Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC increased their price target on Energizer Holdings from $54.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada lowered their price target on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Energizer Holdings has a consensus rating of “Hold” and a consensus target price of $53.86.
In other Energizer Holdings news, Director Robert V. Vitale acquired 7,300 shares of Energizer Holdings stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average price of $41.61 per share, with a total value of $303,753.00. Following the purchase, the director now owns 2,300 shares in the company, valued at $95,703. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is currently owned by insiders.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
Want to see what other hedge funds are holding ENR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energizer Holdings, Inc. (NYSE:ENR).
Receive News & Ratings for Energizer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.