Arrowstreet Capital Limited Partnership Purchases Shares of 16,452 Energizer Holdings, Inc. (NYSE:ENR)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,452 shares of the company's stock, valued at approximately $574,000.

Several other institutional investors also recently modified their holdings of ENR. Bank of New York Mellon Corp raised its position in shares of Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock valued at $35,695,000 after purchasing an additional 80,163 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Energizer by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock worth $33,680,000 after acquiring an additional 33,739 shares during the period. Principal Financial Group Inc. grew its position in shares of Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock valued at $31,204,000 after purchasing an additional 32,618 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Energizer by 1.5% during the 3rd quarter. Wellington Management Group LLP now owns 483,503 shares of the company's stock worth $15,356,000 after purchasing an additional 7,164 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Energizer by 76.4% in the 4th quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock valued at $14,461,000 after buying an additional 179,521 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Price Performance

Energizer stock traded up $0.60 during midday trading on Thursday, reaching $26.64. The company's stock had a trading volume of 70,275 shares, compared to its average volume of 601,510. The stock has a market cap of $1.92 billion, a PE ratio of 33.72 and a beta of 0.92. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. Energizer Holdings, Inc. has a 52 week low of $25.42 and a 52 week high of $39.52. The business has a 50-day moving average price of $29.59 and a 200-day moving average price of $32.83.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to analysts' expectations of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. On average, sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.50%. Energizer's dividend payout ratio is currently 151.90%.

Analyst Ratings Changes

Several research firms recently commented on ENR. 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Barclays decreased their price target on Energizer from $32.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Energizer currently has a consensus rating of "Hold" and a consensus target price of $36.25.

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.