Pinnacle Associates Ltd. Sells 27,877 Shares of Energizer Holdings, Inc. $ENR

Pinnacle Associates Ltd. lowered its position in Energizer Holdings, Inc. (NYSE:ENR) by 37.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 47,375 shares of the company’s stock after selling 27,877 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Energizer were worth $955,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vestcor Inc boosted its holdings in Energizer by 3.7% in the 1st quarter. Vestcor Inc now owns 13,448 shares of the company’s stock worth $402,000 after buying an additional 475 shares during the period. Blue Trust Inc. boosted its holdings in Energizer by 38.9% in the 2nd quarter. Blue Trust Inc. now owns 1,883 shares of the company’s stock worth $38,000 after buying an additional 527 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Energizer by 108.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after buying an additional 579 shares during the period. Capital Insight Partners LLC boosted its holdings in Energizer by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 15,396 shares of the company’s stock worth $461,000 after buying an additional 594 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Energizer by 0.4% in the 1st quarter. Rhumbline Advisers now owns 200,988 shares of the company’s stock worth $6,014,000 after buying an additional 715 shares during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Up 0.2%

Shares of ENR stock opened at $23.27 on Tuesday. The company’s fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $24.68. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The stock has a market cap of $1.59 billion, a P/E ratio of 6.71 and a beta of 0.63. Energizer Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51.

Energizer (NYSE:ENR) last announced its earnings results on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $684.10 million for the quarter. Energizer had a net margin of 8.60% and a return on equity of 181.90%. Analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ENR. Truist Financial upped their target price on shares of Energizer from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. UBS Group dropped their target price on shares of Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Zacks Research cut shares of Energizer from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Energizer in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.00.

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.