LSV Asset Management Reduces Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

LSV Asset Management lowered its position in Energizer Holdings, Inc. (NYSE:ENR) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F 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 quarter. LSV Asset Management’s holdings in Energizer were worth $51,090,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Energizer Trading Down 0.5 %

NYSE ENR traded down $0.15 during trading hours on Friday, hitting $29.19. 361,403 shares of the company’s stock were exchanged, compared to its average volume of 452,542. The business’s 50 day moving average is $28.39 and its 200-day moving average is $30.57. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $37.32. The firm 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 announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The business had revenue of $716.60 million for the quarter, compared to analyst estimates of $710.73 million. During the same period in the prior year, the firm posted $0.72 EPS. The company’s revenue was down 6.3% on a year-over-year basis. As a group, analysts anticipate that Energizer Holdings, Inc. will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.11%. Energizer’s dividend payout ratio (DPR) is presently 93.02%.

About Energizer

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.