Asset Management One Co. Ltd. Sells 41,824 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Asset Management One Co. Ltd. reduced its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 59.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,879 shares of the company’s stock after selling 41,824 shares during the period. Asset Management One Co. Ltd.’s holdings in Energizer were worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its stake in Energizer by 15.5% during the first quarter. Advisor Group Holdings Inc. now owns 11,576 shares of the company’s stock worth $405,000 after purchasing an additional 1,556 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Energizer by 207.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,317 shares of the company’s stock worth $471,000 after buying an additional 10,327 shares in the last quarter. Bank of New York Mellon Corp grew its position in Energizer by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 1,011,203 shares of the company’s stock valued at $31,104,000 after acquiring an additional 59,124 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Energizer by 11.6% during the first quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock worth $211,000 after acquiring an additional 716 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Energizer by 85.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,064 shares of the company’s stock worth $616,000 after acquiring an additional 9,263 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Down 0.4 %

Shares of ENR opened at $27.44 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 21.27 and a beta of 1.06. Energizer Holdings, Inc. has a twelve month low of $27.31 and a twelve month high of $37.32. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The firm has a fifty day simple moving average of $29.07 and a two-hundred day simple moving average of $30.80.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The company had revenue of $716.60 million during the quarter, compared to analyst estimates of $710.73 million. During the same period in the prior year, the business posted $0.72 earnings per share. Energizer’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.21 EPS for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s payout ratio is 93.02%.

Wall Street Analyst Weigh In

ENR has been the topic of several recent research reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays reduced their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.00.

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.