Boyar Asset Management Inc. Sells 932 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Boyar Asset Management Inc. cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,542 shares of the company’s stock after selling 932 shares during the period. Boyar Asset Management Inc.’s holdings in Energizer were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its holdings in Energizer by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company’s stock worth $10,591,000 after buying an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Energizer in the 4th quarter valued at $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Energizer by 18.1% in 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 period. GAMMA Investing LLC boosted its holdings in Energizer by 2,354.4% in the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company’s stock valued at $564,000 after purchasing an additional 18,082 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Energizer by 94.0% in 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 period. 93.74% of the stock is owned by institutional investors.

Insider Activity at Energizer

In other Energizer news, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $236,600. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Stephen Lavigne bought 4,000 shares of Energizer stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the acquisition, the chief executive officer now owns 277,645 shares in the company, valued at approximately $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. Over the last ninety days, insiders purchased 25,000 shares of company stock valued at $578,140. Corporate insiders own 0.98% of the company’s stock.

Energizer Stock Down 1.1%

ENR opened at $19.93 on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.52. The company has a market capitalization of $1.44 billion, a PE ratio of 27.30 and a beta of 0.68. The firm’s 50 day simple moving average is $23.36 and its two-hundred day simple moving average is $29.11.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. As a group, equities analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 6.02%. Energizer’s payout ratio is 164.38%.

Analyst Ratings Changes

Several brokerages have commented on ENR. Truist Financial cut their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Barclays raised their price target on shares of Energizer from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 16th. Canaccord Genuity Group cut their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, UBS Group cut their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.63.

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.