Avior Wealth Management LLC cut its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 18.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,682 shares of the company’s stock after selling 376 shares during the period. Avior Wealth Management LLC’s holdings in Energizer were worth $59,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in ENR. Clarkston Capital Partners LLC boosted its position in shares of Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Energizer during the third quarter valued at approximately $3,910,000. Finally, Profit Investment Management LLC bought a new stake in shares of Energizer during the third quarter valued at approximately $2,238,000. 93.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ENR has been the topic of several research reports. Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Friday, January 17th. UBS Group dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.38.
Energizer Trading Up 0.5 %
Shares of NYSE:ENR opened at $33.60 on Thursday. The company has a market cap of $2.42 billion, a P/E ratio of 64.61 and a beta of 1.07. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. The stock’s fifty day moving average price is $36.09 and its 200-day moving average price is $32.96.
Energizer Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s payout ratio is currently 230.77%.
Insider Activity
In related news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 over the last ninety days. 0.98% of the stock is currently owned by corporate insiders.
Energizer Company 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.
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