Trexquant Investment LP Buys 116,037 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Trexquant Investment LP lifted its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 96.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,604 shares of the company's stock after buying an additional 116,037 shares during the period. Trexquant Investment LP owned about 0.33% of Energizer worth $8,255,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after purchasing an additional 80,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Energizer by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock valued at $33,680,000 after acquiring an additional 33,739 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Energizer by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock worth $31,204,000 after purchasing an additional 32,618 shares during the period. Wellington Management Group LLP raised its stake in shares of Energizer by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 492,055 shares of the company's stock valued at $17,168,000 after purchasing an additional 8,552 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Energizer by 76.4% in the fourth quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock valued at $14,461,000 after purchasing an additional 179,521 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Barclays decreased their price target on shares of Energizer from $36.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. UBS Group decreased their target price 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. Finally, StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $37.88.

Energizer Stock Performance

Energizer stock traded up $1.13 during trading hours on Wednesday, hitting $27.15. The company had a trading volume of 914,397 shares, compared to its average volume of 599,747. The firm has a market cap of $1.96 billion, a PE ratio of 34.37 and a beta of 0.92. The firm has a 50-day moving average of $30.20 and a 200 day moving average of $32.98. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer Holdings, Inc. has a one year low of $25.42 and a one year high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results 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 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. On average, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.42%. The ex-dividend date was Thursday, February 20th. Energizer's payout ratio is presently 151.90%.

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.