Allspring Global Investments Holdings LLC Trims Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Allspring Global Investments Holdings LLC decreased its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 64.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,954 shares of the company's stock after selling 83,613 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Energizer worth $1,459,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ENR. Clearstead Trust LLC grew its position in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company's stock worth $32,000 after buying an additional 820 shares during the period. Central Pacific Bank Trust Division bought a new stake in Energizer in the first quarter valued at $64,000. Canada Pension Plan Investment Board acquired a new position in shares of Energizer during the second quarter valued at about $65,000. SG Americas Securities LLC boosted its position in shares of Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company's stock worth $125,000 after purchasing an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Energizer by 2,650.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company's stock valued at $135,000 after buying an additional 4,399 shares during the period. Institutional investors own 93.74% of the company's stock.

Energizer Stock Performance

Shares of Energizer stock traded down $0.39 during mid-day trading on Thursday, hitting $32.10. 504,040 shares of the stock were exchanged, compared to its average volume of 566,232. The company has a market capitalization of $2.30 billion, a P/E ratio of 27.07 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The company has a 50-day simple moving average of $31.16 and a 200 day simple moving average of $30.00. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $36.72.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The business had revenue of $701.40 million for the quarter, compared to analysts' expectations of $704.86 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business's revenue was up .3% on a year-over-year basis. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on ENR shares. Truist Financial upgraded Energizer from a "hold" rating to a "buy" rating and increased their price target for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price target on shares of Energizer from $29.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, October 11th. Barclays upped their price objective on shares of Energizer from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Evercore ISI reduced their price objective on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Energizer from a "buy" rating to a "hold" rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $35.00.

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.