Energizer Holdings Inc (ENR) Stake Lowered by Alambic Investment Management L.P.
Alambic Investment Management L.P. decreased its position in shares of Energizer Holdings Inc (NYSE:ENR) by 76.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,982 shares of the company’s stock after selling 52,400 shares during the quarter. Alambic Investment Management L.P.’s holdings in Energizer were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of ENR. BlackRock Inc. boosted its holdings in Energizer by 0.3% in the second quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock worth $335,535,000 after purchasing an additional 15,326 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Energizer by 11.3% in the first 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 during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Energizer in the first quarter worth approximately $181,490,000. Franklin Resources Inc. boosted its holdings in Energizer by 3.0% in the first quarter. Franklin Resources Inc. now owns 2,485,115 shares of the company’s stock worth $148,064,000 after purchasing an additional 72,264 shares during the last quarter. Finally, FMR LLC boosted its holdings in Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock worth $123,788,000 after purchasing an additional 1,153,941 shares during the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $63.00, for a total value of $472,500.00. Following the sale, the vice president now directly owns 2,208 shares in the company, valued at approximately $139,104. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory T. Kinder sold 3,810 shares of Energizer stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $65.00, for a total transaction of $247,650.00. Following the completion of the sale, the executive vice president now owns 3,811 shares in the company, valued at $247,715. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,794 shares of company stock worth $1,532,609. 1.79% of the stock is currently owned by insiders.
Energizer (NYSE:ENR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $392.80 million for the quarter, compared to the consensus estimate of $389.13 million. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. equities analysts forecast that Energizer Holdings Inc will post 3.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.92%. Energizer’s dividend payout ratio is currently 38.93%.
Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Citigroup lifted their price target on shares of Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Bank of America lifted their price target on shares of Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. TheStreet upgraded shares of Energizer from a “c” rating to a “b-” rating in a research note on Monday, June 11th. Finally, UBS Group began coverage on shares of Energizer in a research note on Thursday, July 19th. They set a “neutral” rating and a $68.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $68.20.
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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