Canada Pension Plan Investment Board Invests $768,000 in Energizer Holdings Inc (ENR)
Canada Pension Plan Investment Board acquired a new position in Energizer Holdings Inc (NYSE:ENR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 12,200 shares of the company’s stock, valued at approximately $768,000.
Several other large investors also recently bought and sold shares of ENR. Ceredex Value Advisors LLC purchased a new stake in shares of Energizer in the 1st quarter worth $181,490,000. Principal Financial Group Inc. increased its stake in shares of Energizer by 94.1% in the 1st quarter. Principal Financial Group Inc. now owns 969,684 shares of the company’s stock worth $57,774,000 after purchasing an additional 470,010 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Energizer by 11.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,070,157 shares of the company’s stock worth $242,501,000 after purchasing an additional 412,293 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Energizer in the 2nd quarter worth $25,538,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Energizer by 79.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 836,065 shares of the company’s stock worth $49,813,000 after purchasing an additional 369,746 shares in the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.
In other Energizer news, EVP Gregory T. Kinder sold 3,810 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $65.00, for a total value of $247,650.00. Following the completion of the sale, the executive vice president now owns 3,811 shares in the company, valued at approximately $247,715. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Emily K. Boss sold 7,500 shares of the stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $63.00, for a total value of $472,500.00. Following the completion of the sale, the vice president now owns 2,208 shares of the company’s stock, valued at approximately $139,104. The disclosure for this sale can be found here. Insiders sold a total of 23,794 shares of company stock valued at $1,532,609 in the last quarter. 1.79% of the stock is currently owned by company insiders.
Energizer (NYSE:ENR) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. Energizer had a return on equity of 359.49% and a net margin of 6.98%. The business had revenue of $392.80 million during the quarter, compared to analyst estimates of $389.13 million. During the same quarter in the prior year, the business posted $0.43 EPS. Energizer’s revenue for the quarter was up 5.6% compared to the same quarter last year. analysts expect that Energizer Holdings Inc will post 3.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.92%. Energizer’s payout ratio is presently 38.93%.
ENR has been the subject of several analyst reports. Deutsche Bank upped their price objective on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Citigroup upped their price objective on Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Jefferies Financial Group upgraded Energizer to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. TheStreet upgraded Energizer from a “c” rating to a “b-” rating in a research note on Monday, June 11th. Finally, Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.20.
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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