Squarepoint Ops LLC acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 209,583 shares of the company’s stock, valued at approximately $4,493,000. Squarepoint Ops LLC owned about 0.31% of Energizer as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of ENR. Public Employees Retirement System of Ohio raised its holdings 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 valued at $49,000 after buying an additional 503 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in Energizer by 2.5% during the 4th quarter. SkyView Investment Advisors LLC now owns 23,608 shares of the company’s stock valued at $470,000 after acquiring an additional 568 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock worth $31,000 after acquiring an additional 644 shares during the period. SummitTX Capital L.P. grew its stake in shares of Energizer by 2.3% in the first quarter. SummitTX Capital L.P. now owns 34,246 shares of the company’s stock worth $562,000 after purchasing an additional 781 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in shares of Energizer by 4.1% during the fourth 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 during the period. Institutional investors own 93.74% of the company’s stock.
Energizer Stock Performance
Shares of NYSE ENR opened at $20.53 on Friday. The stock’s fifty day simple moving average is $21.27 and its 200 day simple moving average is $19.76. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 17.39 and a beta of 0.77. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a 52-week low of $15.75 and a 52-week high of $30.29.
Energizer Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is presently 101.69%.
Insider Buying and Selling at Energizer
In other news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were acquired at an average cost of $20.02 per share, with a total value of $1,201,200.00. Following the completion of the transaction, the insider directly owned 7,820,000 shares in the company, valued at approximately $156,556,400. The trade was a 0.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 340,000 shares of company stock valued at $7,007,000 over the last quarter. Company insiders own 1.63% of the company’s stock.
Analysts Set New Price Targets
ENR has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $18.00 target price on shares of Energizer in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. UBS Group upped their price target on shares of Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Barclays raised their price objective on shares of Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Energizer currently has a consensus rating of “Reduce” and a consensus price target of $21.83.
Check Out Our Latest Stock Analysis on ENR
Energizer Company Profile
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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