GSA Capital Partners LLP acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 57,387 shares of the company’s stock, valued at approximately $1,230,000.
Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after acquiring an additional 503 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Energizer by 2.5% in the fourth quarter. SkyView Investment Advisors LLC now owns 23,608 shares of the company’s stock worth $470,000 after acquiring an additional 568 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Energizer by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after purchasing an additional 644 shares during the last quarter. SummitTX Capital L.P. boosted its holdings in Energizer by 2.3% in the first quarter. SummitTX Capital L.P. now owns 34,246 shares of the company’s stock valued at $562,000 after purchasing an additional 781 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its stake in Energizer by 4.1% during the 4th quarter. Krane Funds Advisors LLC now owns 22,112 shares of the company’s stock valued at $440,000 after purchasing an additional 873 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.
Energizer Stock Down 1.4%
NYSE:ENR opened at $22.45 on Tuesday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.03 and a beta of 0.75. Energizer Holdings, Inc. has a one year low of $15.75 and a one year high of $30.29. The stock has a 50-day simple moving average of $21.20 and a 200 day simple moving average of $19.91. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07.
Energizer Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, August 19th. Energizer’s payout ratio is 101.69%.
Insider Activity
In other news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of Energizer stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average cost of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the purchase, the insider directly owned 7,940,000 shares of the company’s stock, valued at $160,785,000. This trade represents a 0.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 538,681 shares of company stock worth $10,406,791. Corporate insiders own 1.63% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on ENR. UBS Group lifted their price objective on Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energizer in a research note on Wednesday, June 24th. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a research report on Wednesday, August 5th. Morgan Stanley restated a “negative” rating and issued a $21.00 price target on shares of Energizer in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $21.83.
Check Out Our Latest Stock Analysis on Energizer
About Energizer
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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