Retirement Systems of Alabama Purchases 32 Shares of Energizer Holdings Inc. (ENR)
Retirement Systems of Alabama boosted its stake in shares of Energizer Holdings Inc. (NYSE:ENR) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,759 shares of the company’s stock after buying an additional 32 shares during the period. Retirement Systems of Alabama owned approximately 0.48% of Energizer Holdings worth $15,332,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Energizer Holdings by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 5,600,298 shares of the company’s stock valued at $226,868,000 after buying an additional 482,457 shares during the period. RS Investment Management Co. LLC purchased a new position in shares of Energizer Holdings during the second quarter valued at approximately $21,831,000. Vernier Capital Partners LP purchased a new position in shares of Energizer Holdings during the first quarter valued at approximately $11,177,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Energizer Holdings during the second quarter valued at approximately $9,863,000. Finally, AXA purchased a new position in shares of Energizer Holdings during the first quarter valued at approximately $7,531,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.
Shares of Energizer Holdings Inc. (NYSE:ENR) traded up 2.17% during midday trading on Friday, hitting $49.96. The stock had a trading volume of 1,399,808 shares. The company has a market cap of $3.09 billion, a PE ratio of 24.01 and a beta of 0.52. The company’s 50 day moving average is $48.11 and its 200 day moving average is $46.81. Energizer Holdings Inc. has a 52-week low of $28.85 and a 52-week high of $53.41.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Energizer Holdings had a negative return on equity of 565.91% and a net margin of 8.07%. The business had revenue of $361 million for the quarter, compared to the consensus estimate of $356.69 million. During the same period in the previous year, the business earned $0.64 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. On average, analysts anticipate that Energizer Holdings Inc. will post $2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. Energizer Holdings’s payout ratio is 48.31%.
ENR has been the topic of several recent research reports. Citigroup Inc. increased their price objective on Energizer Holdings from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, June 14th. Jefferies Group reduced their price target on Energizer Holdings from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, July 7th. Goldman Sachs Group Inc. lowered Energizer Holdings from a “buy” rating to a “neutral” rating and raised their price target for the stock from $50.00 to $52.00 in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, June 28th. Finally, TheStreet assumed coverage on Energizer Holdings in a research report on Thursday, July 14th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Energizer Holdings currently has an average rating of “Hold” and an average target price of $52.17.
In other news, VP Emily K. Boss sold 1,865 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total value of $92,429.40. Following the transaction, the vice president now directly owns 1,860 shares in the company, valued at $92,181.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by insiders.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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