Harvest Fund Management Co. Ltd Takes Position in Energizer Holdings, Inc. (NYSE:ENR)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,206 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds also recently bought and sold shares of ENR. Raymond James Financial Inc. purchased a new position in Energizer during the 4th quarter valued at about $11,718,000. Verition Fund Management LLC increased its holdings in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares during the period. Wealthfront Advisers LLC purchased a new position in Energizer during the 4th quarter valued at about $5,545,000. Zacks Investment Management purchased a new position in Energizer during the 3rd quarter valued at about $3,910,000. Finally, NewSquare Capital LLC purchased a new position in Energizer during the 4th quarter valued at about $3,783,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, UBS Group reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Stock Performance

Shares of ENR opened at $29.46 on Friday. 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 business’s 50 day moving average price is $32.00 and its 200-day moving average price is $33.11. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $39.52. The stock has a market cap of $2.13 billion, a P/E ratio of 37.30 and a beta of 1.09.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS 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 firm had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. During the same period in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate 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 given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 4.07%. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Energizer Profile

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.