Energizer Holdings Inc (ENR) Stake Increased by Teachers Advisors LLC
Teachers Advisors LLC grew its stake in shares of Energizer Holdings Inc (NYSE:ENR) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,999 shares of the company’s stock after purchasing an additional 13,688 shares during the quarter. Teachers Advisors LLC owned approximately 0.33% of Energizer worth $11,671,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock valued at $123,788,000 after acquiring an additional 1,153,941 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Energizer by 390.2% in the third quarter. Panagora Asset Management Inc. now owns 521,600 shares of the company’s stock worth $30,592,000 after purchasing an additional 415,203 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Energizer by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,160,218 shares of the company’s stock worth $302,647,000 after purchasing an additional 243,347 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Energizer by 1,662.3% in the third quarter. Canada Pension Plan Investment Board now owns 215,000 shares of the company’s stock worth $12,610,000 after purchasing an additional 202,800 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Energizer by 83.5% in the third quarter. Renaissance Technologies LLC now owns 370,319 shares of the company’s stock worth $21,719,000 after purchasing an additional 168,519 shares in the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.
Shares of ENR traded down $0.25 during midday trading on Monday, hitting $46.11. The company had a trading volume of 1,394 shares, compared to its average volume of 1,334,925. The company has a debt-to-equity ratio of 13.86, a quick ratio of 1.10 and a current ratio of 1.45. The stock has a market capitalization of $3.24 billion, a PE ratio of 13.76, a PEG ratio of 2.49 and a beta of 0.51. Energizer Holdings Inc has a 1 year low of $42.74 and a 1 year high of $65.57.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, February 22nd. Energizer’s payout ratio is presently 35.61%.
In other Energizer news, Director John Eddy Klein bought 2,200 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were acquired at an average price of $46.00 per share, with a total value of $101,200.00. Following the transaction, the director now owns 4,591 shares of the company’s stock, valued at $211,186. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Alan R. Hoskins bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $46.00 per share, for a total transaction of $460,000.00. Following the transaction, the chief executive officer now directly owns 223,929 shares in the company, valued at approximately $10,300,734. The disclosure for this purchase can be found here. Insiders bought a total of 26,360 shares of company stock valued at $1,216,822 in the last quarter. Company insiders own 2.25% of the company’s stock.
A number of brokerages have commented on ENR. ValuEngine downgraded shares of Energizer from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Zacks Investment Research lowered Energizer from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $64.00 target price on shares of Energizer in a research report on Tuesday, January 15th. Bank of America restated an “underperform” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Energizer in a research report on Thursday, December 6th. Finally, Royal Bank of Canada upped their target price on Energizer to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $61.13.
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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