Quantbot Technologies LP Purchases Shares of 31,682 Energizer Holdings, Inc. (NYSE:ENR)

Quantbot Technologies LP purchased a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 31,682 shares of the company's stock, valued at approximately $1,006,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Clearstead Trust LLC increased its position in Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company's stock valued at $32,000 after acquiring an additional 820 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Energizer during the 3rd quarter valued at about $42,000. Canada Pension Plan Investment Board bought a new stake in Energizer in the second quarter worth approximately $65,000. Avior Wealth Management LLC lifted its stake in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company's stock valued at $65,000 after buying an additional 376 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company's stock worth $135,000 after buying an additional 4,399 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Up 3.2 %

Energizer stock traded up $1.21 during midday trading on Monday, hitting $39.32. 391,159 shares of the stock were exchanged, compared to its average volume of 574,930. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.33. 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 business's 50-day moving average price is $33.28 and its 200-day moving average price is $30.99. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer's payout ratio is 230.77%.

Analysts Set New Price Targets

ENR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Evercore ISI decreased their price objective on Energizer from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded Energizer from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Finally, Truist Financial boosted their price target on shares of Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $37.63.

Insider Activity at Energizer

In related news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company's stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,860 shares of company stock valued at $334,694. 0.77% of the stock is owned by insiders.

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.