Mariner LLC Raises Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Mariner LLC grew its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 39.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,016 shares of the company's stock after acquiring an additional 80,106 shares during the quarter. Mariner LLC owned about 0.39% of Energizer worth $9,944,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Inspire Investing LLC grew its stake in Energizer by 166.3% in the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company's stock valued at $1,210,000 after purchasing an additional 21,667 shares during the last quarter. Vista Investment Partners LLC bought a new stake in shares of Energizer in the 4th quarter valued at about $553,000. Smartleaf Asset Management LLC grew its position in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after buying an additional 753 shares during the last quarter. KBC Group NV raised its stake in shares of Energizer by 5,308.0% during the 4th quarter. KBC Group NV now owns 89,664 shares of the company's stock worth $3,128,000 after acquiring an additional 88,006 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Energizer by 8.5% during 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 acquiring an additional 80,163 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ENR shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group cut their price objective on shares of Energizer from $36.00 to $31.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Barclays dropped their target price on shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Energizer currently has a consensus rating of "Hold" and an average price target of $34.38.

Energizer Stock Performance

NYSE:ENR traded up $0.25 during midday trading on Wednesday, hitting $27.48. The company's stock had a trading volume of 73,049 shares, compared to its average volume of 602,279. Energizer Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $39.52. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The firm has a market cap of $1.98 billion, a P/E ratio of 34.79 and a beta of 0.92. The firm's 50 day moving average is $29.22 and its 200-day moving average is $32.70.

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

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Thursday, February 20th. Energizer's payout ratio is presently 151.90%.

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.