Illinois Municipal Retirement Fund Reduces Stake in Energizer Holdings, Inc. (NYSE:ENR)

Illinois Municipal Retirement Fund decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 7.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,733 shares of the company’s stock after selling 3,068 shares during the period. Illinois Municipal Retirement Fund’s holdings in Energizer were worth $1,247,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management bought a new position in Energizer in the 3rd quarter worth about $30,000. Quarry LP bought a new position in Energizer in the 3rd quarter worth about $39,000. Prospera Private Wealth LLC bought a new position in Energizer in the 3rd quarter worth about $42,000. Finally, Central Pacific Bank Trust Division increased its stake in Energizer by 750.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after acquiring an additional 1,500 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Price Performance

ENR opened at $30.74 on Friday. The stock’s 50 day simple moving average is $33.50 and its 200 day simple moving average is $33.14. 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 1 year low of $26.92 and a 1 year high of $39.51. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 38.91 and a beta of 1.06.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.59 EPS. Energizer’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.90%. Energizer’s payout ratio is 151.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Finally, UBS Group reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average target price of $38.38.

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.