Energizer Holdings, Inc. (NYSE:ENR) Shares Acquired by KBC Group NV

KBC Group NV grew its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 5,308.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,664 shares of the company's stock after buying an additional 88,006 shares during the period. KBC Group NV owned 0.12% of Energizer worth $3,128,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ENR. GAMMA Investing LLC raised its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Energizer in the third quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Energizer during the third quarter worth approximately $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Energizer during the third quarter worth $42,000. Finally, Central Pacific Bank Trust Division grew its position in Energizer by 750.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company's stock valued at $59,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares of the company's stock, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock valued at $334,694 in the last ninety days. Corporate insiders own 0.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ENR shares. Barclays downgraded shares of Energizer from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. StockNews.com upgraded Energizer from a "hold" rating to a "buy" rating in a research report on Monday. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Finally, UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Energizer currently has a consensus rating of "Hold" and an average target price of $38.38.

Energizer Price Performance

NYSE ENR traded down $1.08 during mid-day trading on Tuesday, hitting $32.85. The stock had a trading volume of 1,452,361 shares, compared to its average volume of 565,248. The company has a 50 day simple moving average of $35.71 and a 200 day simple moving average of $33.07. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 63.17 and a beta of 1.06. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last released 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. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 155.40% and a net margin of 1.32%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Equities analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. Energizer's dividend payout ratio is presently 230.77%.

About Energizer

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.