The York Capital Management Global Advisors LLC Acquires New Position in Edgewell Personal Care Co. (EPC)

The York Capital Management Global Advisors LLC Acquires New Position in Edgewell Personal Care Co. (EPC)

York Capital Management Global Advisors LLC acquired a new position in Edgewell Personal Care Co. (NYSE:EPC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 802,665 shares of the company’s stock, valued at approximately $63,828,000. Edgewell Personal Care makes up 2.0% of York Capital Management Global Advisors LLC’s holdings, making the stock its 15th largest position.

A number of other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Edgewell Personal Care during the second quarter worth approximately $1,483,000. Shell Asset Management Co. raised its position in shares of Edgewell Personal Care by 24.2% in the second quarter. Shell Asset Management Co. now owns 3,151 shares of the company’s stock worth $266,000 after buying an additional 613 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Edgewell Personal Care during the second quarter worth approximately $10,879,000. Huntington National Bank purchased a new position in shares of Edgewell Personal Care during the second quarter worth approximately $298,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Edgewell Personal Care by 3.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,359 shares of the company’s stock worth $367,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Edgewell Personal Care Co. (NYSE:EPC) opened at 76.11 on Friday. Edgewell Personal Care Co. has a 52-week low of $70.37 and a 52-week high of $88.00. The firm has a 50-day moving average of $75.83 and a 200 day moving average of $78.68. The company has a market cap of $4.41 billion, a PE ratio of 25.45 and a beta of 0.82.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Thursday, November 10th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.10. Edgewell Personal Care had a net margin of 7.57% and a return on equity of 11.57%. The firm earned $610.60 million during the quarter, compared to the consensus estimate of $572.35 million. During the same period in the prior year, the firm earned $0.64 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that Edgewell Personal Care Co. will post $3.84 earnings per share for the current fiscal year.

EPC has been the topic of a number of recent analyst reports. FIX upgraded shares of Edgewell Personal Care to a “positive” rating in a report on Wednesday, October 5th. Jefferies Group restated a “hold” rating and issued a $79.00 target price (up previously from $75.00) on shares of Edgewell Personal Care in a research note on Friday, November 11th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “hold” rating to a “strong-buy” rating and set a $94.00 target price on the stock in a research note on Wednesday, November 16th. RBC Capital Markets set a $105.00 target price on shares of Edgewell Personal Care and gave the company a “buy” rating in a research note on Monday, January 2nd. Finally, Barclays PLC restated a “hold” rating and issued a $78.00 target price on shares of Edgewell Personal Care in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Edgewell Personal Care presently has an average rating of “Hold” and an average target price of $87.22.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company, formerly Energizer Holdings, Inc, manufactures and markets personal care products in the wet shave, sun and skin care, feminine care and infant care categories. The Company operates through four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other. The Company has a portfolio of over 25 brands.

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