Wakefield Asset Management LLLP Acquires Shares of 29,335 Energizer Holdings, Inc. (NYSE:ENR)

Wakefield Asset Management LLLP bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,335 shares of the company's stock, valued at approximately $1,023,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarkston Capital Partners LLC grew its holdings in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock valued at $151,660,000 after buying an additional 533,831 shares during the last quarter. Verition Fund Management LLC increased its position in Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company's stock worth $16,727,000 after acquiring an additional 190,195 shares during the period. Zacks Investment Management acquired a new position in Energizer during the 3rd quarter valued at $3,910,000. KBC Group NV boosted its holdings in Energizer by 5,308.0% in the 4th quarter. KBC Group NV now owns 89,664 shares of the company's stock valued at $3,128,000 after purchasing an additional 88,006 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Energizer by 8.5% in 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 during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENR. Truist Financial upped their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. StockNews.com downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Finally, Barclays lowered shares of Energizer from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $38.38.

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Energizer Stock Down 1.2 %

ENR stock traded down $0.37 during midday trading on Tuesday, hitting $29.71. The company's stock had a trading volume of 369,436 shares, compared to its average volume of 585,678. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a market capitalization of $2.15 billion, a P/E ratio of 37.54 and a beta of 1.06. 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 company's fifty day moving average price is $33.40 and its 200 day moving average price is $33.21.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 168.16% and a net margin of 2.02%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer's dividend payout ratio is currently 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.