Cubist Systematic Strategies LLC Boosts Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Cubist Systematic Strategies LLC lifted its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 133.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 201,698 shares of the company’s stock after purchasing an additional 115,353 shares during the period. Cubist Systematic Strategies LLC owned about 0.28% of Energizer worth $7,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LSV Asset Management lifted its holdings in Energizer by 6.7% during the fourth quarter. LSV Asset Management now owns 1,812,700 shares of the company’s stock worth $63,245,000 after buying an additional 114,600 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Energizer by 8.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after buying an additional 80,163 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Energizer by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company’s stock valued at $35,375,000 after buying an additional 30,185 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Energizer by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock worth $33,680,000 after buying an additional 33,739 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Energizer by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock worth $31,204,000 after acquiring an additional 32,618 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Price Performance

NYSE:ENR opened at $22.13 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 28.01 and a beta of 0.77. Energizer Holdings, Inc. has a 52 week low of $21.58 and a 52 week high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The stock’s 50-day moving average price is $27.99 and its 200-day moving average price is $32.19.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.42%. Energizer’s dividend payout ratio (DPR) is presently 164.38%.

Analysts Set New Price Targets

ENR has been the topic of several analyst reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Barclays dropped their target price on Energizer from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. Canaccord Genuity Group decreased their price target on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, UBS Group cut their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.50.

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.