Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its stake in Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,795 shares of the company’s stock after selling 716 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Energizer were worth $866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in shares of Energizer in the first quarter worth $37,000. Signaturefd LLC increased its stake in shares of Energizer by 58.1% in the first quarter. Signaturefd LLC now owns 1,097 shares of the company’s stock worth $38,000 after buying an additional 403 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Energizer by 42.4% in the first quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock worth $64,000 after buying an additional 547 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Energizer by 107.4% in the first quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock worth $62,000 after buying an additional 1,043 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Energizer in the first quarter worth $122,000. Institutional investors own 83.74% of the company’s stock.

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Energizer Price Performance

Shares of NYSE ENR opened at $28.96 on Friday. Energizer Holdings, Inc. has a twelve month low of $25.19 and a twelve month high of $37.89. The company has a current ratio of 2.16, a quick ratio of 1.11 and a debt-to-equity ratio of 20.23. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -8.47 and a beta of 1.01. The firm has a 50-day moving average of $33.96 and a two-hundred day moving average of $33.68.

Energizer (NYSE:ENR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Energizer had a negative net margin of 8.24% and a positive return on equity of 135.74%. The firm had revenue of $699.40 million for the quarter, compared to analysts’ expectations of $743.05 million. During the same period in the prior year, the company posted $0.77 earnings per share. Energizer’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts expect that Energizer Holdings, Inc. will post 3.04 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Monday, August 21st. Energizer’s dividend payout ratio is presently -35.09%.

Analyst Ratings Changes

ENR has been the subject of several recent research reports. Barclays lowered their target price on shares of Energizer from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, July 20th. JPMorgan Chase & Co. upped their price target on shares of Energizer from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. StockNews.com assumed coverage on shares of Energizer in a research report on Thursday. They set a “buy” rating for the company. Truist Financial downgraded shares of Energizer from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $35.00 in a report on Monday, August 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Energizer from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Energizer has an average rating of “Hold” and a consensus price target of $36.00.

View Our Latest Report on Energizer

Energizer Profile

(Free Report)

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.

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