LSV Asset Management Trims Stake in Energizer Holdings, Inc. (NYSE:ENR)

LSV Asset Management cut its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,612,688 shares of the company’s stock after selling 138,246 shares during the period. LSV Asset Management owned about 2.25% of Energizer worth $51,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ENR. Jones Financial Companies Lllp purchased a new position in shares of Energizer in the 3rd quarter valued at $32,000. Signaturefd LLC grew its stake in Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after purchasing an additional 361 shares during the last quarter. Everence Capital Management Inc. bought a new position in Energizer in the fourth quarter worth about $215,000. CIBC Asset Management Inc purchased a new stake in shares of Energizer during the third quarter valued at about $226,000. Finally, EMC Capital Management boosted its holdings in shares of Energizer by 70.9% in the 3rd quarter. EMC Capital Management now owns 7,212 shares of the company’s stock valued at $231,000 after buying an additional 2,992 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Stock Performance

ENR traded down $0.15 during trading on Friday, reaching $29.19. 361,403 shares of the company’s stock were exchanged, compared to its average volume of 452,542. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $37.32. The company’s fifty day simple moving average is $28.39 and its 200-day simple moving average is $30.57. The stock has a market capitalization of $2.10 billion, a P/E ratio of 22.63 and a beta of 1.04.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. As a group, research analysts predict that Energizer Holdings, Inc. will post 3.21 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.11%. The ex-dividend date is Tuesday, May 21st. Energizer’s dividend payout ratio is currently 93.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ENR. Barclays decreased their target price on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.00.

Energizer 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, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.