Los Angeles Capital Management & Equity Research Inc. cut its stake in shares of Energizer Holdings Inc. (NYSE:ENR) by 18.4% during the second quarter, Holdings Channel reports. The fund owned 7,320 shares of the company’s stock after selling 1,650 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Energizer Holdings were worth $377,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its position in Energizer Holdings by 4.4% in the second quarter. Glenmede Trust Co. NA now owns 3,797 shares of the company’s stock valued at $194,000 after buying an additional 159 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Energizer Holdings by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 19,149 shares of the company’s stock valued at $986,000 after buying an additional 173 shares during the last quarter. State Treasurer State of Michigan raised its position in Energizer Holdings by 0.8% in the second quarter. State Treasurer State of Michigan now owns 24,844 shares of the company’s stock valued at $1,279,000 after buying an additional 200 shares during the last quarter. Creative Planning raised its position in Energizer Holdings by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock valued at $100,000 after buying an additional 230 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in Energizer Holdings by 4.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,610 shares of the company’s stock valued at $308,000 after buying an additional 331 shares during the last quarter. Institutional investors own 90.18% of the company’s stock.
Energizer Holdings Inc. (NYSE:ENR) traded up 0.32% during midday trading on Monday, reaching $47.14. 209,099 shares of the company’s stock were exchanged. Energizer Holdings Inc. has a 52 week low of $28.85 and a 52 week high of $53.41. The stock’s 50 day moving average is $48.45 and its 200 day moving average is $46.53. The firm has a market capitalization of $2.92 billion, a P/E ratio of 22.65 and a beta of 0.52.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business earned $361 million during the quarter, compared to the consensus estimate of $356.69 million. Energizer Holdings had a net margin of 8.07% and a negative return on equity of 565.91%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts expect that Energizer Holdings Inc. will post $2.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. Energizer Holdings’s payout ratio is 48.31%.
Several equities analysts have recently commented on the stock. SunTrust Banks Inc. upped their price objective on shares of Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. lowered shares of Energizer Holdings from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $50.00 to $52.00 in a report on Tuesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 15th. Citigroup Inc. assumed coverage on shares of Energizer Holdings in a report on Friday, June 10th. They issued an “underweight” rating and a $54.00 price objective on the stock. Finally, Jefferies Group restated a “hold” rating on shares of Energizer Holdings in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $52.17.
In related news, VP Emily K. Boss sold 1,865 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total value of $92,429.40. Following the completion of the sale, the vice president now directly owns 1,860 shares in the company, valued at $92,181.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
Want to see what other hedge funds are holding ENR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energizer Holdings Inc. (NYSE:ENR).
Receive News & Ratings for Energizer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.