GAMMA Investing LLC Has $564,000 Position in Energizer Holdings, Inc. (NYSE:ENR)

GAMMA Investing LLC boosted its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 2,354.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,850 shares of the company’s stock after purchasing an additional 18,082 shares during the quarter. GAMMA Investing LLC’s holdings in Energizer were worth $564,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ENR. Public Employees Retirement System of Ohio acquired a new stake in Energizer in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC grew its position 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. Central Pacific Bank Trust Division grew its position in Energizer by 29.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. Russell Investments Group Ltd. grew its position in 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 purchasing an additional 360 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Energizer in the 4th quarter valued at $112,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Insider Transactions at Energizer

In other news, CEO Mark Stephen Lavigne acquired 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the purchase, the chief executive officer now owns 277,645 shares of the company’s stock, valued at approximately $6,016,567.15. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donal L. Mulligan acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $236,600. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 25,000 shares of company stock worth $578,140 in the last ninety days. Company insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Energizer Trading Down 2.4%

NYSE ENR opened at $20.00 on Thursday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.40 and a beta of 0.68. Energizer Holdings, Inc. has a one year low of $19.97 and a one year high of $39.52. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86. The business’s fifty day moving average is $24.00 and its 200-day moving average is $29.76.

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

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date was Wednesday, May 21st. Energizer’s payout ratio is 164.38%.

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.