WBI Investments LLC purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR – Free Report) in the third quarter, HoldingsChannel reports. The fund purchased 63,170 shares of the company’s stock, valued at approximately $1,572,000.
Several other institutional investors and hedge funds also recently made changes to their positions in ENR. AdvisorNet Financial Inc bought a new stake in shares of Energizer in the third quarter valued at about $29,000. Huntington National Bank raised its holdings in Energizer by 1,836.1% in the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock valued at $29,000 after acquiring an additional 1,120 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Energizer by 92.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after acquiring an additional 592 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Energizer in the 3rd quarter worth approximately $47,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Energizer by 93.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after purchasing an additional 964 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.
Energizer Trading Up 3.3%
Shares of ENR opened at $17.53 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.07 and a debt-to-equity ratio of 23.49. The stock has a market cap of $1.20 billion, a PE ratio of 5.90 and a beta of 0.64. Energizer Holdings, Inc. has a 1 year low of $16.38 and a 1 year high of $30.34. The stock has a 50 day simple moving average of $20.97 and a 200-day simple moving average of $22.37.
Energizer Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.8%. Energizer’s payout ratio is 40.40%.
Analyst Ratings Changes
ENR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Energizer from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Energizer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. UBS Group set a $25.00 price target on shares of Energizer and gave the company a “neutral” rating in a report on Friday, February 6th. Morgan Stanley set a $24.00 price objective on shares of Energizer in a research note on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.29.
Check Out Our Latest Stock Analysis on ENR
Energizer 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.
See Also
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