BlackRock Group LTD lowered its position in Energizer Holdings, Inc. (NYSE:ENR) by 18.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,524 shares of the company’s stock after selling 11,259 shares during the period. BlackRock Group LTD owned about 0.08% of Energizer Holdings worth $2,523,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Energizer Holdings by 10.5% in the second quarter. Vanguard Group Inc. now owns 4,990,249 shares of the company’s stock worth $256,948,000 after buying an additional 473,729 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Energizer Holdings by 206.5% in the third quarter. Neuberger Berman Group LLC now owns 2,361,046 shares of the company’s stock worth $117,958,000 after buying an additional 1,590,622 shares in the last quarter. BlackRock Fund Advisors increased its stake in Energizer Holdings by 4.4% in the third quarter. BlackRock Fund Advisors now owns 2,288,250 shares of the company’s stock worth $114,321,000 after buying an additional 96,101 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Energizer Holdings by 6,914.1% in the third quarter. First Trust Advisors LP now owns 2,272,993 shares of the company’s stock valued at $113,559,000 after buying an additional 2,240,587 shares during the period. Finally, State Street Corp increased its stake in shares of Energizer Holdings by 1.0% in the second quarter. State Street Corp now owns 1,761,049 shares of the company’s stock valued at $90,672,000 after buying an additional 18,119 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Energizer Holdings, Inc. (NYSE:ENR) traded down 0.59% during trading on Friday, hitting $50.38. 428,290 shares of the company traded hands. The firm has a 50 day moving average price of $46.59 and a 200-day moving average price of $47.36. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 24.70 and a beta of 0.49. Energizer Holdings, Inc. has a one year low of $31.10 and a one year high of $53.41.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, November 9th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The firm had revenue of $432.40 million for the quarter, compared to analysts’ expectations of $426.53 million. Energizer Holdings had a net margin of 7.81% and a negative return on equity of 766.09%. Energizer Holdings’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Analysts predict that Energizer Holdings, Inc. will post $2.62 EPS for the current year.
Several analysts have issued reports on ENR shares. Zacks Investment Research downgraded shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Friday, December 2nd. Morgan Stanley raised shares of Energizer Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $49.00 to $52.00 in a report on Tuesday, January 3rd. Jefferies Group LLC upped their price target on shares of Energizer Holdings from $50.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, November 10th. Finally, RBC Capital Markets set a $57.00 price target on shares of Energizer Holdings and gave the company a “buy” rating in a report on Monday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Energizer Holdings currently has an average rating of “Buy” and an average target price of $53.14.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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