LSV Asset Management Boosts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

LSV Asset Management raised its stake in Energizer Holdings, Inc. (NYSE:ENR) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,812,700 shares of the company’s stock after acquiring an additional 114,600 shares during the quarter. LSV Asset Management’s holdings in Energizer were worth $63,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the period. Neo Ivy Capital Management purchased a new stake in Energizer in the third quarter worth $30,000. Quarry LP bought a new stake in shares of Energizer in the third quarter valued at $39,000. Smartleaf Asset Management LLC raised its stake in shares of Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after buying an additional 753 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after buying an additional 1,500 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Barclays reduced their price objective on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, UBS Group dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.88.

Energizer Price Performance

Shares of NYSE:ENR opened at $26.53 on Friday. The company has a 50 day moving average of $30.05 and a 200 day moving average of $32.96. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The stock has a market cap of $1.92 billion, a P/E ratio of 33.58 and a beta of 0.92. Energizer Holdings, Inc. has a 12 month low of $25.42 and a 12 month high of $39.52.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same period in the previous year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.52%. Energizer’s dividend payout ratio is currently 151.90%.

About Energizer

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.