Mariner LLC Purchases 80,106 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Mariner LLC grew its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,016 shares of the company’s stock after buying an additional 80,106 shares during the period. Mariner LLC’s holdings in Energizer were worth $9,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its stake in shares of Energizer by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company’s stock valued at $262,000 after acquiring an additional 477 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Energizer during the 4th quarter worth approximately $534,000. LSV Asset Management increased its holdings in shares of 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 purchasing an additional 114,600 shares during the period. Invesco Ltd. raised its position in shares of Energizer by 14.6% in the fourth quarter. Invesco Ltd. now owns 493,132 shares of the company’s stock valued at $17,205,000 after buying an additional 62,715 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Energizer by 4.1% in the fourth 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. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

Shares of Energizer stock opened at $26.69 on Friday. The company’s 50 day moving average price is $29.50 and its two-hundred day moving average price is $32.80. The firm has a market capitalization of $1.93 billion, a P/E ratio of 33.78 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer Holdings, Inc. has a fifty-two week low of $25.42 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 analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. During the same quarter in the previous year, the company posted $0.59 EPS. Energizer’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.50%. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ENR shares. JPMorgan Chase & Co. dropped their price objective on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. UBS Group dropped their price target on Energizer from $36.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.