Trexquant Investment LP Grows Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Trexquant Investment LP increased its stake in Energizer Holdings, Inc. (NYSE:ENR) by 96.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 236,604 shares of the company’s stock after buying an additional 116,037 shares during the quarter. Trexquant Investment LP’s holdings in Energizer were worth $8,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new position in Energizer in the 3rd quarter worth about $30,000. Quarry LP purchased a new stake in Energizer during the 3rd quarter valued at about $39,000. Smartleaf Asset Management LLC grew its position in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ENR shares. Barclays dropped their target price on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.88.

Energizer Stock Down 2.0 %

ENR stock opened at $29.38 on Friday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 37.18 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The business’s 50-day moving average is $31.05 and its two-hundred day moving average is $33.07. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $39.52.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 EPS. As a group, analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.09%. Energizer’s dividend payout ratio (DPR) is 151.90%.

About Energizer

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.