Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Energizer Holdings, Inc. (NYSE:ENR) by 64.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 45,954 shares of the company’s stock after selling 83,613 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Energizer were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in Energizer by 42.1% during the third quarter. Creative Planning now owns 24,628 shares of the company’s stock worth $782,000 after purchasing an additional 7,301 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Energizer by 11.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 45,451 shares of the company’s stock valued at $1,444,000 after buying an additional 4,839 shares during the period. Inspire Investing LLC grew its holdings in shares of Energizer by 9.1% during the 3rd quarter. Inspire Investing LLC now owns 13,025 shares of the company’s stock worth $414,000 after purchasing an additional 1,083 shares during the period. Profit Investment Management LLC purchased a new stake in shares of Energizer in the 3rd quarter valued at approximately $2,238,000. Finally, Capital Insight Partners LLC boosted its position in shares of Energizer by 4.0% during the third quarter. Capital Insight Partners LLC now owns 13,812 shares of the company’s stock worth $439,000 after buying an additional 528 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Shares of ENR opened at $32.49 on Thursday. The company has a market cap of $2.33 billion, a P/E ratio of 27.20 and a beta of 1.04. The stock has a fifty day moving average price of $31.11 and a 200 day moving average price of $29.98. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $36.72. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. On average, research analysts forecast that Energizer Holdings, Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ENR. JPMorgan Chase & Co. lifted their target price on Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and boosted their target price for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Evercore ISI cut their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus price target of $35.00.

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.