Atria Investments Inc Sells 2,751 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Atria Investments Inc cut its stake in Energizer Holdings, Inc. (NYSE:ENR) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,301 shares of the company’s stock after selling 2,751 shares during the period. Atria Investments Inc’s holdings in Energizer were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares in the last quarter. Avior Wealth Management LLC increased its stake in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after purchasing an additional 376 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Energizer by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after purchasing an additional 392 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Energizer by 5.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock worth $357,000 after purchasing an additional 485 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in Energizer by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock worth $583,000 after purchasing an additional 513 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ENR shares. UBS Group decreased their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Stock Performance

Energizer stock opened at $29.97 on Monday. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.51. 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 business’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $33.20. The stock has a market cap of $2.16 billion, a PE ratio of 37.93 and a beta of 1.09.

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

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. 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.