Energizer Holdings Inc (ENR) Shares Sold by Zacks Investment Management
Zacks Investment Management lowered its position in Energizer Holdings Inc (NYSE:ENR) by 43.9% during the second quarter, HoldingsChannel reports. The firm owned 14,753 shares of the company’s stock after selling 11,549 shares during the quarter. Zacks Investment Management’s holdings in Energizer were worth $929,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd purchased a new position in Energizer in the first quarter valued at about $118,000. Advisory Services Network LLC lifted its position in shares of Energizer by 443.8% in the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after buying an additional 1,611 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Energizer in the second quarter worth about $129,000. Fortis Advisors LLC acquired a new stake in shares of Energizer in the second quarter worth about $137,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Energizer in the first quarter worth about $169,000. Hedge funds and other institutional investors own 96.33% of the company’s stock.
In related news, VP Mark Stephen Lavigne sold 12,484 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $65.08, for a total transaction of $812,458.72. Following the completion of the transaction, the vice president now owns 22,394 shares of the company’s stock, valued at approximately $1,457,401.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory T. Kinder sold 3,810 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $65.00, for a total value of $247,650.00. Following the transaction, 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. Insiders have sold a total of 23,794 shares of company stock valued at $1,532,609 in the last three months. 1.79% of the stock is owned by insiders.
Energizer (NYSE:ENR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, hitting the 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 analysts’ expectations of $389.13 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue 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 disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Thursday, August 16th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.92%. Energizer’s dividend payout ratio is presently 38.93%.
A number of analysts have weighed in on the company. Zacks Investment Research cut Energizer from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Jefferies Financial Group raised Energizer to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, July 19th. Deutsche Bank boosted their price target on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Citigroup boosted their price target on Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Energizer currently has an average rating of “Hold” and an average price target 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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