Edgewell Personal Care Co (EPC) Position Raised by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. increased its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 3,194.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,163 shares of the company’s stock after purchasing an additional 3,067 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Edgewell Personal Care were worth $188,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Magnetar Financial LLC bought a new position in shares of Edgewell Personal Care in the third quarter valued at $208,000. Virginia Retirement Systems ET AL bought a new position in shares of Edgewell Personal Care in the third quarter valued at $211,000. Fox Run Management L.L.C. bought a new position in shares of Edgewell Personal Care in the third quarter valued at $233,000. State of Alaska Department of Revenue bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at $201,000. Finally, Shelton Capital Management bought a new position in shares of Edgewell Personal Care in the second quarter valued at $337,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Edgewell Personal Care Co (EPC) opened at $50.12 on Friday. Edgewell Personal Care Co has a 52-week low of $46.83 and a 52-week high of $82.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.63 and a current ratio of 2.65. The firm has a market cap of $2,670.18, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.74.
Edgewell Personal Care declared that its board has approved a stock repurchase plan on Thursday, February 8th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Daniel J. Heinrich purchased 1,500 shares of the stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $57.08 per share, for a total transaction of $85,620.00. Following the acquisition, the director now directly owns 3,530 shares in the company, valued at approximately $201,492.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.
Several research firms have issued reports on EPC. Bank of America dropped their price target on Edgewell Personal Care from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 13th. KeyCorp reaffirmed a “hold” rating on shares of Edgewell Personal Care in a report on Monday, October 16th. Jefferies Group reiterated a “hold” rating and set a $78.00 price objective on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Wells Fargo & Co started coverage on shares of Edgewell Personal Care in a research report on Tuesday, December 19th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Edgewell Personal Care currently has a consensus rating of “Hold” and a consensus target price of $69.33.
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Edgewell Personal Care Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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