R Squared Ltd Makes New $82,000 Investment in Energizer Holdings, Inc. (NYSE:ENR)

R Squared Ltd bought a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,340 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clarkston Capital Partners LLC boosted its stake in Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Energizer by 56.5% in the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after buying an additional 190,195 shares during the last quarter. Zacks Investment Management acquired a new position in Energizer during the 3rd quarter worth about $3,910,000. KBC Group NV grew its holdings in Energizer by 5,308.0% during the 4th quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Finally, Profit Investment Management LLC acquired a new stake in Energizer in the 3rd quarter valued at about $2,238,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 in the last quarter. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

ENR has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Performance

Shares of NYSE:ENR opened at $33.98 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 65.35 and a beta of 1.07. The firm’s 50 day simple moving average is $35.92 and its 200 day simple moving average is $32.99. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $39.51.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. Energizer’s dividend payout ratio is 230.77%.

Energizer Company 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.