Quantbot Technologies LP Sells 17,425 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Quantbot Technologies LP lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 55.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,257 shares of the company’s stock after selling 17,425 shares during the period. Quantbot Technologies LP’s holdings in Energizer were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ENR. Teacher Retirement System of Texas grew its stake in Energizer by 12.9% in the 4th quarter. Teacher Retirement System of Texas now owns 60,725 shares of the company’s stock valued at $2,119,000 after buying an additional 6,915 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Energizer in the fourth quarter valued at about $112,000. Chesapeake Capital Corp IL grew its position in shares of Energizer by 52.1% in the fourth quarter. Chesapeake Capital Corp IL now owns 20,776 shares of the company’s stock valued at $725,000 after purchasing an additional 7,117 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Energizer by 45.8% in the fourth quarter. Intech Investment Management LLC now owns 27,320 shares of the company’s stock worth $953,000 after purchasing an additional 8,581 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Energizer during the 4th quarter worth about $235,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ENR. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. UBS Group dropped their target price 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. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced their target price 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. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.88.

Energizer Stock Performance

NYSE ENR opened at $29.78 on Friday. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The stock has a market cap of $2.15 billion, a P/E ratio of 37.70 and a beta of 1.09. The company’s 50-day simple moving average is $31.57 and its 200 day simple moving average is $33.04.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. As a group, research analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s payout ratio is 151.90%.

Energizer 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.