Cibc World Market Inc. acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 592,810 shares of the company’s stock, valued at approximately $12,710,000. Cibc World Market Inc. owned 0.87% of Energizer as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Energizer in the third quarter worth about $47,000. PNC Financial Services Group Inc. lifted its stake in shares of Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after buying an additional 644 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of Energizer by 148.1% during the 4th 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 in the last quarter. Allworth Financial LP bought a new position in Energizer in the 2nd quarter worth approximately $53,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Energizer by 25.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after buying an additional 503 shares during the period. Institutional investors own 93.74% of the company’s stock.
Energizer Trading Up 0.1%
Energizer stock opened at $21.48 on Tuesday. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. Energizer Holdings, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $30.29. The stock has a market cap of $1.47 billion, a P/E ratio of 18.20 and a beta of 0.75. The firm’s fifty day moving average price is $21.37 and its 200-day moving average price is $19.90.
Energizer Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is 101.69%.
Insider Activity at Energizer
In related news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average cost of $20.02 per share, for a total transaction of $1,201,200.00. Following the completion of the transaction, the insider owned 7,820,000 shares in the company, valued at approximately $156,556,400. This trade represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 413,692 shares of company stock worth $8,357,139 over the last ninety days. 1.63% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Morgan Stanley reaffirmed a “negative” rating and issued a $21.00 price target on shares of Energizer in a report on Tuesday, August 4th. UBS Group lifted their price target on Energizer from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays increased their price objective on Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $21.83.
Get 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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