Arrowstreet Capital Limited Partnership Takes Position in Energizer Holdings, Inc. (NYSE:ENR)

Arrowstreet Capital Limited Partnership purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,452 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after acquiring an additional 1,500 shares in the last quarter. R Squared Ltd purchased a new position in Energizer in the fourth quarter valued at about $82,000. Finally, Hager Investment Management Services LLC acquired a new stake in Energizer during the 4th quarter valued at approximately $102,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ENR shares. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price objective on Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday. 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 currently has an average rating of “Hold” and an average target price of $36.25.

Energizer Trading Up 0.4 %

Energizer stock opened at $26.60 on Friday. The firm has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $32.94. Energizer Holdings, Inc. has a 52-week low of $25.42 and a 52-week high of $39.52. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 33.66 and a beta of 0.92. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were given a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.51%. Energizer’s dividend payout ratio is presently 151.90%.

Energizer Company 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.