Gotham Asset Management LLC Boosts Stake in Energizer Holdings, Inc. (NYSE:ENR)

Gotham Asset Management LLC lifted its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,571 shares of the company’s stock after acquiring an additional 10,983 shares during the quarter. Gotham Asset Management LLC’s holdings in Energizer were worth $1,171,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ENR. Barclays PLC boosted its stake in shares of Energizer by 100.9% during the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after acquiring an additional 70,254 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Energizer during the 4th quarter worth about $306,000. Inspire Investing LLC boosted its stake in shares of Energizer by 166.3% during the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock worth $1,210,000 after acquiring an additional 21,667 shares in the last quarter. Vista Investment Partners LLC purchased a new stake in shares of Energizer during the 4th quarter worth about $553,000. Finally, KBC Group NV boosted its stake in shares of Energizer by 5,308.0% during the 4th quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after acquiring an additional 88,006 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. UBS Group reduced their target price on Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Barclays boosted their price target on Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Canaccord Genuity Group reduced their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.63.

Energizer Stock Up 0.6%

ENR stock opened at $23.88 on Friday. The firm has a 50-day moving average of $27.10 and a two-hundred day moving average of $31.79. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 30.23 and a beta of 0.77. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. Energizer Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $39.52.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. As a group, analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.02%. The ex-dividend date is Wednesday, May 21st. Energizer’s payout ratio is currently 164.38%.

Insider Buying and Selling at Energizer

In other news, CEO Mark Stephen Lavigne purchased 4,000 shares of Energizer stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the transaction, the chief executive officer now owns 277,645 shares in the company, valued at $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick J. Moore purchased 10,000 shares of Energizer stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $346,500. This trade represents a 200.00% increase in their position. The disclosure for this purchase can be found here. 0.98% of the stock is owned by company insiders.

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.