iSAM Funds UK Ltd Trims Position in Energizer Holdings, Inc. (NYSE:ENR)

iSAM Funds UK Ltd trimmed its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 27.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,483 shares of the company’s stock after selling 2,764 shares during the period. iSAM Funds UK Ltd’s holdings in Energizer were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ENR. Smartleaf Asset Management LLC raised its holdings in shares of Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after buying an additional 753 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after buying an additional 360 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Energizer in the fourth quarter valued at about $82,000. Hager Investment Management Services LLC purchased a new stake in shares of Energizer in the fourth quarter valued at about $102,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Energizer during the fourth quarter worth about $112,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Barclays increased their price target on shares of Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.63.

Insiders Place Their Bets

In other Energizer news, Director Donal L. Mulligan purchased 10,000 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $236,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer now directly owns 277,645 shares of the company’s stock, valued at approximately $6,016,567.15. The trade was a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by company insiders.

Energizer Trading Down 0.2%

Shares of ENR opened at $23.79 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The firm’s 50-day moving average is $26.87 and its two-hundred day moving average is $31.67. Energizer Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $39.52. The firm has a market capitalization of $1.72 billion, a P/E ratio of 30.11 and a beta of 0.77.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.04%. Energizer’s payout ratio is currently 164.38%.

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.