iSAM Funds UK Ltd Lowers Stake in Energizer Holdings, Inc. (NYSE:ENR)

iSAM Funds UK Ltd lowered its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,483 shares of the company’s stock after selling 2,764 shares during the period. iSAM Funds UK Ltd’s holdings in Energizer were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after buying an additional 360 shares during the period. OneDigital Investment Advisors LLC boosted its position in Energizer by 2.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock valued at $591,000 after buying an additional 386 shares during the period. Sanctuary Advisors LLC boosted its position in Energizer by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after buying an additional 392 shares during the period. Bank of Montreal Can boosted its position in Energizer by 4.1% in the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock valued at $418,000 after buying an additional 470 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in Energizer by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company’s stock valued at $262,000 after buying an additional 477 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Donal L. Mulligan purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $236,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the purchase, the chief executive officer now directly owns 277,645 shares in the company, valued at $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $578,140 in the last ninety days. 0.98% of the stock is owned by corporate insiders.

Energizer Price Performance

Shares of NYSE:ENR opened at $23.79 on Wednesday. The company’s fifty day moving average price is $26.87 and its 200 day moving average price is $31.67. Energizer Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $39.52. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The firm has a market capitalization of $1.72 billion, a P/E ratio of 30.11 and a beta of 0.77.

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

Energizer Announces Dividend

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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.04%. Energizer’s dividend payout ratio is currently 164.38%.

Analyst Ratings Changes

ENR has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Barclays raised their price target on shares of Energizer from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 16th. UBS Group decreased their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.63.

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.