Armistice Capital LLC bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,036,000 shares of the company’s stock, valued at approximately $20,606,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock valued at $29,000 after purchasing an additional 1,120 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Energizer in the third quarter worth about $47,000. Smartleaf Asset Management LLC lifted its position in shares of Energizer by 93.8% in the third quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after buying an additional 964 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Energizer by 148.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company’s stock valued at $41,000 after buying an additional 1,240 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock valued at $49,000 after buying an additional 503 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.
Energizer Price Performance
NYSE:ENR opened at $20.00 on Thursday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 7.32 and a beta of 0.78. The company has a debt-to-equity ratio of 19.08, a current ratio of 2.05 and a quick ratio of 1.03. The business has a 50 day simple moving average of $18.71 and a 200-day simple moving average of $19.47. Energizer Holdings, Inc. has a 1 year low of $15.75 and a 1 year high of $30.29.
Energizer Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 6.0%. Energizer’s dividend payout ratio is currently 43.96%.
Insider Buying and Selling at Energizer
In other news, major shareholder Aqua Capital, Ltd. bought 35,686 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $18.44 per share, for a total transaction of $658,049.84. Following the acquisition, the insider owned 7,235,686 shares of the company’s stock, valued at $133,426,049.84. The trade was a 0.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 218,896 shares of company stock valued at $3,761,092 over the last quarter. Corporate insiders own 1.63% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. UBS Group lifted their price objective on Energizer from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group lowered their target price on Energizer from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Energizer from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Barclays reduced their price target on shares of Energizer from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Energizer in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.14.
View Our Latest Stock Report on ENR
Energizer Profile
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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