Jane Street Group LLC Decreases Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Jane Street Group LLC lowered its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 135,439 shares of the company’s stock after selling 19,203 shares during the quarter. Jane Street Group LLC’s holdings in Energizer were worth $4,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after buying an additional 360 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in Energizer by 2.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock worth $591,000 after acquiring an additional 386 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after acquiring an additional 392 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Energizer by 4.1% in the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock valued at $418,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Price Performance

Shares of NYSE:ENR opened at $21.54 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company has a 50-day moving average price of $27.82 and a 200 day moving average price of $32.11. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52. The company has a market cap of $1.56 billion, a P/E ratio of 27.27 and a beta of 0.77.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business 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 last year, the firm earned $0.72 earnings per share. Research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is 164.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Canaccord Genuity Group reduced their target price on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Barclays cut their target price on shares of Energizer from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group decreased their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.50.

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.