Energizer Holdings, Inc. (NYSE:ENR – Get Free Report) major shareholder Aqua Capital, Ltd. bought 38,006 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $18.21 per share, for a total transaction of $692,089.26. Following the completion of the acquisition, the insider owned 7,200,000 shares of the company’s stock, valued at $131,112,000. This trade represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Aqua Capital, Ltd. also recently made the following trade(s):
- On Thursday, May 21st, Aqua Capital, Ltd. acquired 43,380 shares of Energizer stock. The stock was acquired at an average cost of $16.81 per share, for a total transaction of $729,217.80.
- On Wednesday, May 20th, Aqua Capital, Ltd. acquired 81,609 shares of Energizer stock. The stock was acquired at an average cost of $16.18 per share, for a total transaction of $1,320,433.62.
- On Wednesday, April 15th, Aqua Capital, Ltd. acquired 4,200 shares of Energizer stock. The stock was acquired at an average cost of $18.85 per share, for a total transaction of $79,170.00.
- On Tuesday, April 14th, Aqua Capital, Ltd. acquired 1,643 shares of Energizer stock. The stock was acquired at an average cost of $18.90 per share, for a total transaction of $31,052.70.
- On Wednesday, April 8th, Aqua Capital, Ltd. acquired 14,372 shares of Energizer stock. The stock was acquired at an average cost of $17.47 per share, for a total transaction of $251,078.84.
Energizer Price Performance
ENR traded down $0.12 during trading on Tuesday, hitting $18.29. The company’s stock had a trading volume of 1,616,660 shares, compared to its average volume of 1,231,088. The company has a current ratio of 2.05, a quick ratio of 1.03 and a debt-to-equity ratio of 19.08. Energizer Holdings, Inc. has a twelve month low of $15.75 and a twelve month high of $30.29. The business’s fifty day simple moving average is $18.04 and its 200 day simple moving average is $19.52. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 6.68 and a beta of 0.81.
Energizer Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Energizer’s dividend payout ratio (DPR) is presently 43.96%.
Hedge Funds Weigh In On Energizer
Institutional investors have recently added to or reduced their stakes in the stock. Kettle Hill Capital Management LLC lifted its position in Energizer by 438.2% during the third quarter. Kettle Hill Capital Management LLC now owns 553,815 shares of the company’s stock worth $13,784,000 after buying an additional 450,921 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Energizer during the third quarter worth approximately $1,240,000. NewSquare Capital LLC lifted its position in Energizer by 110.0% during the third quarter. NewSquare Capital LLC now owns 233,892 shares of the company’s stock worth $5,822,000 after buying an additional 122,530 shares in the last quarter. WBI Investments LLC purchased a new position in Energizer during the third quarter worth approximately $1,572,000. Finally, Medina Value Partners LLC purchased a new position in Energizer during the third quarter worth approximately $17,141,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Evercore set a $28.00 price target on Energizer in a research note on Tuesday, February 10th. UBS Group lifted their price target on Energizer from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Barclays lowered their price target on Energizer from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley set a $24.00 price target on Energizer in a research note on Monday, February 9th. Finally, Zacks Research raised Energizer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus price target of $23.14.
Check Out Our Latest Stock Report on Energizer
About Energizer
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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